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City National Rochdale’s Select Strategies fund had posted a -3.90 percent loss at 31 January, driven by HIM.
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The city of Osaka sustained most of the losses.
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The National Hurricane Center predicted catastrophic freshwater flooding as the eye of the hurricane touched down at Wrightsville Beach.
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Heise will identify insurance marketplace pain points to assist Akinova in realising its goal of launching an electronic trading platform for (re)insurance risk, the company said.
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Many ILS entrepreneurs have already successfully cashed out.
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C shareholders in the Catco Reinsurance Opportunities Fund, who are not exposed to the 2017 losses, saw a return of 6.31 percent for H1 2018 amid low catastrophic activity during the period.
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The latest increase in PCS figures for hurricanes Harvey and Irma means that US wind aggregate industry loss warranties (ILWs) that trigger at $30bn have been hit, Trading Risk sources said.
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ILS premiums steadied after a 9.5 percent drop in the first quarter, according to Lane Financial's benchmark.
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The insurance merchant bank is planning to feed most of the fund’s capital into a quota share retrocession contract with Iris Re.
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The fund raised an additional $10mn in the three months to 30 April 2018.
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The fundraise comes as the firm is hiring to expand its ILS strategy.
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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.