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  • Tokio Marine's Kizuna Re II Japanese quake bond has grown from $200mn to $245mn with pricing set at the lowest bounds of guidance amid strong investor interest, Trading Risk understands.
  • American Strategic Insurance Group has increased the size of its debut cat bond Gator Re from $125mn to $200mn as pricing tightened below initial guidance, according to sources.
  • he board of Venezuelan state-owned oil company Petróleos de Venezuela SA (Pdvsa) is close to burying the hatchet with the former broker of its main insurance programmes, Cooper Gay
  • Amlin says it expects its partnership with London-based insurance-linked securities (ILS) fund manager Leadenhall Capital Partners to help grow its catastrophe reinsurance portfolio, after it lifted gross premiums in this business line by 2 percent in the January 2014 renewals.
  • Argo Re will join peers such as Allianz Risk Transfer, Hannover Re and Tokio Millennium Re as a participant in the fronted reinsurance market, lending out its rated paper to unrated companies.
  • Direct Line, the UK home and motor insurer spun off from Royal Bank of Scotland in 2012, faces the biggest potential flood claims bill of the carriers that have disclosed loss estimates so far
  • Don Kramer's ILS Capital Management launched underwriting operations at the January 2014 renewals, including writing a small portfolio of marine retro business for Berkshire Hathaway, sister publication Trading Risk reported late last month.
  • Stephen Hester, the former Royal Bank of Scotland (RBS) chief executive parachuted into UK general insurer RSA last month, has taken no half measures as he sets about nursing the ailing carrier back to health.
  • The fourth quarter reporting season saw a mixed bag of beats and misses among Bermudian and short-tail (re)insurers as their operating earnings per share (EPS) numbers came up against Wall Street forecasts.
  • Like all wordsmiths, we at The Insurance Insider are keen students and collectors of poor language