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The dispute centres on ILWs that used Munich Re loss estimates as their trigger.
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The broker said Covid-19 industry claims should be manageable but the disaster makes a broader capacity squeeze more likely.
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The marketplace said $87mn in capacity was offered in the past week's auction.
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The fund generated more than double the return on the Swiss Re Cat Bond Index in Q4 19.
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Tremor’s CEO said the “(re)insurance market must remain open for business” during this turbulent period.
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Hailstorm losses have caused significant motor losses in past years.
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The cat bond could help lower barriers to collateralised participation in primary business, says the ratings agency.
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Pricing dropped 6 percent from the midpoint of the initial range to reach 9.75 percent.
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Bermuda carrier tactics highlight increased reliance.
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New issuances fell to the lowest level since 2011, amid an uptick in risk levels and US exposures, according to Trading Risk data.
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Pricing on the ILW bond has dropped below the initial guidance range.