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Insurers have focussed too much on using alternative capital to reduce the cost of reinsurance rather than the cost of their product, former AIG executive Samir Shah argued at a presentation at the Sifma IRLS conference in New York yesterday (24 February).
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Alleghany's share of profits derived from its stake in Bermudian ILS manager Pillar Capital and associated funds dropped by $1.1mn to $8.4mn in the fourth quarter of 2015
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Japanese big three insurer Mitsui Sumitomo has brought its latest Akibare Re deal to the market, Trading Risk understands
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The Oklahoma state legislature is considering a bill that was recently submitted proposing a state-backed reinsurance scheme for earthquake risk.
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XL Catlin has appointed Daniel Brookman as senior vice president in its alternative capital unit, the company announced today.
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Pricing on Heritage P&C's latest Citrus Re cat bond has been revised to the upper end of initial guidance, as the bond has remained at its target $250mn size, Trading Risk understands.
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Nationwide Mutual has increased the size of its Caelus Re cat bond to $300mn as the deal is set to price at the lower end of forecasts, according to sources.
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Everest Re's asset management arm Mt Logan Re has appointed Martin Burke as its chief financial officer, effective February 22.
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Assets under management at Lancashire's Kinesis platform dropped "a little" for 2016 compared to last year, the company's head of investor relations Jonny Creagh-Coen told Trading Risk today (18 February).
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Canadian-listed investment company Premier Diversified Holdings has announced plans to invest another $316,000 in shares of Sequant Re Holdings, a Bermudian ILS manager
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Enstar is seeking to raise $700mn of capital for its Aligned Re joint venture with UBS O'Connor, sister publication The Insurance Insider reported this week
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Lancashire earned $5.6mn from its 10 percent stake in the Kinesis vehicle in 2015, down from $6.2mn in 2014
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