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Cedants seeking to recall collateral that had been released and commuted are demonstrating “unrealistic” behaviour, Horseshoe Group CEO Andre Perez said.
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Amundi Pioneer has allocated at least $15mn to the new issuance across several of its funds.
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The storm is on track to hit the northern tip of Japan's Honshu island and the south of Hokkaido island.
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The just-launched platform will connect holders of long-tail insurance risks with investment funds.
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About $24.8bn of ILS outstanding emanated from the North Atlantic island as of March, according to the Bermuda Monetary Authority.
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Some contracts may also require the reinsurer to re-capitalise any shortfall in anticipated claims.
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The combined Markel-Nephila entity will manage almost $30bn of capital.
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The US will be the MGA’s expansion focal point, with two teams likely to be added annually.
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The industry’s ranks are being thinned by inexorable forces of change, Arch CEO says.
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Andrew Dolphin will remain in London and report to Hiscox Re & ILS CEO Mike Krefta.
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The ILS manager’s estimate included around $2.1bn of wind damage claims.
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The outgoing CFO says the Corporation is winning a clampdown on the use of letters of credit as he delays his exit from the Corporation.