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Lloyd's managing agency Argenta has been given the go ahead to launch a special purpose arrangement (SPA) sponsored and capitalised by Hannover Re.
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Japanese technology firm SoftBank is now closer to buying a 25 percent stake in Swiss Re for up to CHF$9.23bn ($9.66bn), according to Bloomberg News.
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New York-listed insurer The Hanover has confirmed that it has hired Goldman Sachs to run a strategic review that could lead to the sale of its Lloyd's business, Chaucer.
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Aspen is preparing to run a bid process after being approached by several potential buyers, sister publication The Insurance Insider revealed last night.
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Blue Capital reported a 0.03 percent loss in February for its London-listed Alternative Income fund, as an ILS industry benchmark is also showing negative returns for the month based on current data.
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Axa's plans to significantly expand its risk transfer to reinsurers and capital market partners after its $15.3bn acquisition of XL are a positive sign for the ILS sector amid another expected wave of (re)insurance consolidation.
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Japanese technology firm SoftBank has requested several board positions as part of its proposed purchase of 20 to 30 percent of Swiss Re, according to the Financial Times.
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AIG's surprise move to take over AlphaCat parent Validus continues the trend for reinsurer-affiliated asset managers to dominate M&A activity within the ILS management sector.
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The intellectual capital that AlphaCat will bring AIG will be an important factor in AIG's success going forward, an analyst has said commenting on the AIG-Validus buy-out.
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Collateralised operators are among the leading reinsurance providers to Validus, which will need to reshape its buying strategies after it becomes part of the vast AIG network
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AlphaCat's business has "great growth potential" to expand beyond its $3bn of assets under management, AIG president and CEO Brian Duperreault said on a call to discuss the carrier's $5.6bn takeover of Validus.
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AlphaCat Managers has told investors that the business will have direct access to a "deeper and broader universe" of insurance risk after its acquisition by AIG