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Bermuda-based Validus Holdings said $78mn of its $120.8mn Q4 losses were attributable its insurance-linked securities management unit AlphaCat.
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Renaissance Re has reported a net loss of $177.1mn in 2017 for its DaVinci Re sidecar.
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Aon Benfield has forecast that continued momentum from 2017's record-breaking cat bond issuance will push this year's total to $8bn-$9bn.
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One of AIG's former reinsurance buyers, Samir Shah, once argued that insurers should be looking at ILS not just as an alternative to reinsurance cover but as a way to more fundamentally overhaul their capital structures.
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Sompo International has set up a $62mn sidecar, Blue Lotus Re, to provide cover supporting its global catastrophe reinsurance portfolio in 2018
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Axis said it would combine its ceded reinsurance operations and third party capital business into a single department as it announced a broader restructure.
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RenaissanceRe and Reinsurance Group of America (RGA) may look to raise further life reinsurance funds following the launch of their $780mn joint venture Langhorne Re, sister publication The Insurance Insider reported.
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Insurance broker AmWins has named chief operations officer Scott Purviance as its new CEO, as part of a reshuffle following the departure of longstanding chief executive Steven DeCarlo.
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Stone Ridge Asset Management invested $325mn into a new Mt Logan Re vehicle at the end of October in the first of its post-event fundraising commitments, according to regulatory filings from the Stone Ridge Interval fund.
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Argo Group has renewed its Harambee Re sidecar for 2018 at an unspecified size, the company announced today
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Brit's launch of Sussex Re was not influenced by the timing of last year's losses but was set up to build on its existing sidecar business, Brit CFO Mark Allan told Trading Risk.
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Chaucer has appointed Jerome Faure as an independent non-executive director of Chaucer Syndicates, its managing agency and main operating company
