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London-based start-up Akinova is developing an electronic trading platform for (re)insurance risk and is planning to start with listing a version of an industry loss warranty (ILWs) called an “AELO” – an Akinova Event Linked Option.
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The concept of reinsurance market “payback” – higher premiums that follow major losses – might well be dead.
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The alternative investment specialist has set up a new interval fund to invest in quota shares and other reinsurance instruments.
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Rate increases have mostly been limited to low attaching Floridian wind cover.
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The ILS market proved sceptics wrong in 2017 - the year of "the great reload" - as investors accepted claims and returned with fresh capital, Leadenhall CEO Luca Albertini said today at Trading Risk's ILS conference in London.
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The latest PCS loss number for Hurricane Harvey has edged up to $17.1bn, from a prior figure of $15.7bn, sources told Trading Risk.
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City National Rochdale's select strategies ILW feeder fund posted a loss of 3.90 percent in its first six months of operation, according to a Securities and Exchange Commission filing, as it benefitted from a reduction to Hurricane Irma loss estimates.
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Lane Financial's ILS rate-on-line index dropped by 9.5 percent in the first quarter, marking a softening to the initial rating spike that took place after last year's hurricane activity.
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Nephila's Lloyd's syndicate 2357 fell to a $120.6mn loss in 2017 as its combined ratio spiked up to 167 percent.
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MGA Rokstone Underwriting has launched a new property treaty division with capacity from the Cayman Islands.
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If ILS capital is designed to be the ultimate home for catastrophe risk, how far should asset managers look to hedge their investors' bets?
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Hiscox Re has introduced the first ever cyber industry loss warranty to the ILS and reinsurance markets.
