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The downward move reflects the lagging impact of cutbacks in 2019.
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Investment returns rebounded to a 2.7 percent gain for the half-year to 30 April. -
The sidecar investor's reinsurance funds fell by $1bn in its financial half-year.
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Partnerships with the reinsurer and wholesale broker will grant the start-up access to insurance and reinsurance business.
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People moves in the ILS marketplace.
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The former Argo executive will become the ILS manager's first London team member.
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The equity investment into Jackson is set to close in July.
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Investors collectively tried to redeem more than a third of the $3bn fund.
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The sidecar’s loss ratio improved by 30 points year on year.
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The broker’s capital markets business reels in the assets of Ken Pierce’s advisory firm.
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The launch will bring collateralised reinsurance transforming in-house.
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The issuance follows renewal of the Hong Kong-based reinsurer’s sidecar at $77mn in January.
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