Trading Risk June 2017
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Swiss Re has bolstered its retro support from the Sector Re sidecar by around $100mn in the past year to take the vehicle's total capacity to $492mn, Trading Risk understands.
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Greenlight Capital Re has announced that former SAC Re chief executive Simon Burton will replace Leonard Goldberg, who has been acting as CEO on an interim basis.
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AlphaCat has hired Bernard Van der Stichele, a former ILS analyst for the Ontario Teachers' Pension Plan.
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Asset managers in South Korea are offering ILS strategies to local investors after the country entered the sector last year, with at least $49mn having been raised from two local distributors.
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A recent flurry of single-state cat bond deals highlighted continuing strong ILS demand as year-to-date issuance surpassed $8bn.
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LGT ILS funds; Wilton Re buys Aegon US run-off businesses; Cat bond funds reopen
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The final version of the Insurance Open Protocol has cut back the frequency of reporting it requires from ILS managers in response to feedback received during the consultation period.
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JLT Re said that "renewed vigour" from ILS markets looking to deploy capital contributed to a step-up in reinsurance rate reductions at this year's 1 June renewal.
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Legal & General has hired Pretty Sagoo from Deutsche Bank as head of strategic business in its pension risk transfer team.
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Jason Carne, the former ILS practice leader at KPMG Bermuda, has joined Hudson Structured Capital Management as an adviser, focusing on providing guidance on valuations and reinsurance.
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Drinker Biddle & Reath has hired John Finston to join the insurance regulatory and transactional team in the firm's San Francisco office.
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Bermuda Stock Exchange (BSX) CEO, Greg Wojciechowski, has joined the board of the Bermuda Business Development Agency (BDA), the BDA announced.