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Oxbridge Re, a start-up reinsurer backed by executives from Florida-based HCI Group, has raised $26.4mn of net proceeds from its initial public offering on the Nasdaq SmallCap Market.
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The future of nascent Cayman Islands reinsurer Southport Re looks uncertain because of concerns over its capital base and the quality of assets it has been using to collateralize its underwriting, The Insurance Insider understands.
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Blue Capital Global Reinsurance Fund, the London-listed reinsurance investment vehicle managed by Montpelier Re, today (26 March) said it had postponed a long-planned issue of new shares.
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The Canada Pension Plan Investment Board (CPPIB) has agreed to buy life reinsurer Wilton Re for $1.8bn from a group of investors led by Stone Point Capital, Kelso & Company, Vestar Capital Partners and FFL.
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A Cayman Islands reinsurer linked to Florida-based HCI Group is seeking to raise up to $29.75mn from an IPO on the Nasdaq SmallCap Market, according to regulatory filings.
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The debut cat bond from Great American Insurance Company, Riverfront Re, priced below guidance last week, reflecting continued investor demand on the ILS market
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The Insurance Insider's Data Room predicts that the 1.1 renewal rates squeeze will continue through 2014...
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RenaissanceRe chief executive Kevin O'Donnell has said his organisation is agnostic over different forms and sources of capital and that the reinsurance industry should learn to evaluate the sale of reinsurance and the provision of debt or equity finance alongside one another.
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The Florida Hurricane Catastrophe Fund (FHCF) appears to have shelved plans to buy up to $1.5bn of reinsurance cover for the 2014 hurricane season, sister publication Trading Risk has reported.
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Lloyd's carrier Brit Insurance has set an indicative pricing range for its forthcoming flotation that could now take place inside of a fortnight, The Insurance Insider understands.
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London-listed Catco Investment Management has today (17 March) launched a new reinsurance fund, Aquilo, which will write collateralised reinsurance perils and industry loss warranties.
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State Farm is set to place $300mn of cat bond cover through its new Merna Re V deal, for which it will pay investors a coupon that is 20 percent lower than the rate for the same risk a year ago.
