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The Resilience Re club cat bond platform run by Willis Towers Watson Securities has completed its third deal this year with a $173mn insurance-linked securities (ILS) issuance, according to a Bermuda Stock Exchange announcement
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The standalone cyber (re)insurance market is resilient enough to withstand a major cyber catastrophe and offer a sustainable long-term coverage proposition, JLT Re has claimed
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UK Prime Minster Theresa May's decision to call a snap election has caused the forthcoming London insurance-linked securities (ILS) regulations to be delayed.
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Marsh and its Schinnerer underwriting management arm have launched the first alternative capital-backed retail property-insurance vehicle for American companies.
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Nationwide Mutual Insurance Company is seeking to raise $300mn from a new Caelus Re cat bond, according to sources.
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Attractive prices drew sponsors to the cat bond market in the first three months of 2017, resulting in a record volume of insurance-linked securities (ILS) issuance for an opening quarter.
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Florida's state-backed insurer Citizens looks set to buy only three layers of reinsurance for its coastal account this year, purchasing little more than half the $2.46bn of limit it did in 2016, The Insurance Insider can reveal.
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Florida Citizens Property Insurance is targeting $250mn for its new Everglades Re II cat bond, according to sources.
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Louisiana Citizens Property Insurance Corporation is on track to close its new Pelican Re cat bond for an insurance premium of 225 basis points (bps) - the lowest ever for a US wind deal.
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Florida-based UPC Insurance received the Sponsor of the Year award at the 2017 Trading Risk awards held in London last week.
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The president of broker and advisory house TigerRisk has warned that the insurance industry faces a choice between evolution and extinction as new forms of capital shake up the market
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Two Florida insurers have joined a number of carriers seeking cover from the cat bond market in the run-up to the hurricane season, sister publication Trading Risk reported last week