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Validus reported a 49 percent year-on-year increase in Q3 income earned from its AlphaCat asset management platform, due to higher fee income and profits from its stake in the vehicle's higher-risk ILS strategies.
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Arch has hired Scott Maries to work on its run-off vehicle, our sister publication The Insurance Insider has learned
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London-based ILS manager Leadenhall Capital Partners has established a US operation with the hire of Brian Weatherholtz, a former GE and Swiss Re executive.
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Sirius is investigating launching a total return reinsurer start-up that would focus on the legacy market, sister publication The Insurance Insider reported.
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Continuing pressure for broader peril coverage is expected to be one of the themes of the upcoming retro renewals at 1 January, as a handful of buyers made early steps towards securing capacity.
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Aon Securities CEO Paul Schultz said that larger ILS funds are now actively raising capital ahead of the 2017 renewals, after a period of keeping assets under management flat
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Axa Liabilities Managers is planning to launch a second series of its legacy fund after fully deploying its first such vehicle, sources told Trading Risk.
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Axis Capital lifted its property catastrophe gross written premiums by 29 percent in the second quarter to $123.5mn, although CEO Albert Benchimol said that the carrier was retaining less net risk as it made more use of retrocession and third-party capital
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AlphaCat's second quarter income dropped by over a third year-on-year to $4.4mn as investors in Validus' third party capital platform took $11.96mn of cat losses in the period
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Blackstone's reinsurance joint venture with Axis Capital, Harrington Re, provides "free leverage" to the alternative asset manager, chief operating officer Tony James said on a Q2 earnings call.
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LMG launched a white paper at the House of Commons today (13 July) which proposes creating a foreign aid catastrophe bond.
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Axis Capital and Blackstone's joint venture Harrington Re has completed a $600mn capital raise and secured an A- rating from AM Best.
