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The issue is the ILS market’s first indemnity flood bond and covers NFIP risks. -
The “Fund of One” would allow an investor to run an investment fund and insurance transformer within the same structure.
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The reinsurer’s parent said opportunities this wind season did not meet its risk-return criteria.
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The Texan insurer of last resort has increased its Hurricane Harvey loss estimate by 11 percent since January, as it moves to secure more reinsurance.
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The Prudential Regulation Authority (PRA) has hired former ILS structurer and originator at Tullett Prebon Antonio Guevara to work on ILS.
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A $1.3tn funding measure signed by US president Donald Trump on Friday sets a 31 July deadline by which Congress must re-authorise the National Flood Insurance Program (NFIP) or it will expire.
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New UK ILS vehicles are in the pipeline as the Chancellor of the Exchequer and the London Market Group prepare to host a reception for ILS investors in Downing Street tonight.
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California insurers must cover homeowners for damage caused by mudslides if fire is judged to be the "proximate cause" of the slide, regulators said yesterday.
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Lloyd's is considering using ILS protection to provide cover for its Central Fund, Trading Risk understands
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A measure that would overhaul assignment of benefits (AOB) legislation was passed on Friday by the Florida House of Representatives by a vote of 82-20.
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Lloyd's insurer Neon confirmed the launch of its new UK-based sidecar, NCM Re, as it raised $72mn of capital to establish the vehicle - up from a previously reported $60mn target
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Lloyd's (re)insurer Neon has received the green light from the Prudential Regulation Authority (PRA) to establish a sidecar and will now become the first carrier to use the new UK ILS framework
