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Reinsurance brokers and carriers fear that the recent flurry of M&A activity in the sector may depress demand for cover.
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Several carriers have reported a reduction in their 2014 gross property catastrophe premiums as they scaled back in response to softening rates
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Reinsurance carriers are increasingly emphasising the importance of scale, as XL-Catlin and PartnerRe-Axis have unveiled merger plans that will propel them into the top 10 and top five respectively by premium base
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Hannover Re has expanded its K quota share retro sidecar by 25 percent for 2015, the company told Trading Risk.
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Aspen reversed its property catastrophe growth of the past year at the January 2015 renewals, writing gross premiums that were 11.8 percent down on the year before at $144.8mn
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RenaissanceRe more than halved the amount of capital raised for its Upsilon vehicle from $417mn in 2014 to $177mn for 2015, CEO Kevin O'Donnell disclosed on an earnings call
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ILS veteran Michael Millette is set to leave Goldman Sachs at the end of the month after 20 years with the investment bank.
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PartnerRe passed $13.1mn of net income to third-party investors last year, up more than a third from $9.4mn in 2013, as its Lorenz Re sidecar completed its first full year
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Reinsurance brokers and carriers fear that the recent flurry of M&A activity in the sector may cause further reductions in demand
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Validus Group's asset management subsidiary AlphaCat wrote 17 percent more premium in the January 2015 renewals than a year ago.
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Stone Ridge Asset Management's fleet of sidecars made an average gain of 8.2 percent in the three months to 31 October, according to the manager's latest annual report.
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XL Group CEO Mike McGavick said that the company's £2.79bn ($4.20bn) deal to acquire Catlin will create a top 10 reinsurer with expanded alternative capital capabilities.