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Investors may be open to taking an all perils catastrophe bond but other considerations could be restricting such a development, a group of legal executives agreed.
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The role of the underwriter will evolve if the insurance industry moves to a leaner way of conducting business, according to former American International Group executive Samir Shah.
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Start-up managing general agency (MGA) Ventus Risk Management will look to give ILS funds access to its book of primary insurance risk through a quota share reinsurance programme covering an XL Catlin subsidiary, sources told Trading Risk.
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Lottoland has revealed that its ILS transaction has paid out to cover a EUR14mn jackpot win in a German lottery draw.
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Hannover Re ceded EUR141mn of catastrophe losses to its retrocessionaires in 2015, up from EUR133mn in 2014, as a spike in man-made disaster claims outweighed a benign year for natural catastrophes
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Japanese big three carrier Sompo Japan Nipponkoa has returned to the cat bond market after two years and is seeking $175mn for its Aozora Re 2016-1 cat bond, Trading Risk understands
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Industry loss warranty (ILW) broker Stefano Nicolini has joined the New York office of Beach & Associates after six years with BMS, according to his LinkedIn profile.
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Amlin earned £16.5mn ($23.5mn) of fee income from Leadenhall Capital Partners in 2015, up from £2.4mn in the prior year before it had consolidated the asset manager onto its balance sheet
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Retro manager Markel Catco has released a portion of its side pocket reserves set aside for potential losses from the UK floods and US convective storms, the company announced today (7 March).
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Securis Investment Partners has launched its first UCITS-compliant cat bond fund, targeting a 4-5 percent return above Libor rates.
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A $50.2mn cat bond lite issued on Kane's segregated cell platform has been de-listed from the Bermuda Stock Exchange after the notes were redeemed early.
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Perils has reduced its estimate of industry insured losses from UK storm Desmond by 8 percent to £662mn ($936mn).