ILS
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Cat bond sponsors may push for broader coverage in 2015 as insurance-linked securities (ILS) broker-dealers said that they expected ILS market volumes to continue expanding.
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Validus subsidiary AlphaCat Managers has raised $409mn of new capital for its ILS funds and renewed its sidecar, AlphaCat 2015, at $155mn.
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Guy Carpenter has estimated that the convergence market grew by a third in 2014, rising from $45bn to $60bn in size.
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Retro giant CatCo has bought a $175mn industry loss warranty (ILW) to cover US and non-US exposures on its book of business, The Insurance Insider can reveal.
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Samir Shah, the executive who overhauled American International Group (AIG)'s reinsurance purchasing, is moving to the new role of head of capital markets and catastrophe risk, The Insurance Insider has learned
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Samir Shah, the executive who overhauled American International Group (AIG)'s reinsurance purchasing, is moving to the new role of head of capital markets and catastrophe risk, The Insurance Insider has learned
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Validus subsidiary AlphaCat Managers has renewed its AlphaCat sidecar for 2015 at $155mn and raised $409mn of new capital for its insurance-linked securities (ILS) funds
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Reinsurance continues to attract significant investment despite double-digit rate reductions, with every programme given a firm order below the lowest quoted terms at 1 January, Nick Frankland, Guy Carpenter's CEO of Europe and the Middle East said today (8 January).
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Reinsurance broker Guy Carpenter's global property catastrophe reinsurance rate-on-line index fell by 11 percent at renewals, with rate reductions continuing across almost all lines of business and geographies
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Specialty excess of loss reinsurance managing general agency (MGA) Tamesis Dual is acting as an adviser for Kelvin Re, the Abu Dhabi-backed and Credit Suisse Asset Management-managed reinsurance start-up.
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Global reinsurer capital climbed to a new record level of $575bn at the end of third quarter of 2014, according to the latest estimates from Aon Benfield.
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Willis Re believes that the surge in growth of collateralised reinsurance during 2014 is unlikely to be as pronounced in 2015, according to its 1st View January renewals report.