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Detail on RenaissanceRe's new $140mn Fibonacci Re vehicle that emerged recently suggests a structure that is a hybrid cat bond/sidecar facility, sister publication Trading Risk reported last week.
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Growth in the availability of insurance-linked securities (ILS) limit is now outstripping the increase in alternative capital owing to the increased use of leverage, according to the latest ILS market update from Willis Capital Markets & Advisory (WCMA)
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The top 10 insurance-linked securities (ILS) fund managers posted their fastest rate of growth in the past two years in the run-up to the 1 January renewals, exceeding $50bn in assets under management (AuM) for 2017.
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Claims from Hurricane Matthew and the Kaikoura, New Zealand earthquake each shaved 1 percentage point off Markel Catco's returns for 2016, the company said.
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Pricing on Aetna's latest Vitality Re health insurance bond settled at the bottom end of the target range, with the premium on the deal's class B notes reaching a new low, sister publication Trading Risk understands.
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Business should expand in the cat bond market this year, Aon Securities has said, with a record amount of bonds scheduled to come off-risk in the first half.
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Dutch pension fund manager PGGM has emerged as the owner of the debt issued by the Leo Re sidecar
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Markel Catco's Reinsurance Opportunities Fund reported annual returns for ordinary shareholders of 8.12 percent in 2016, down from an 11.6 percent gain in 2015, following a series of major loss events
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The recent $187mn Resilience Re club cat bond deal was made on behalf of QBE, sister publication Trading Risk revealed.
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The significant number of maturing bonds and ongoing favourable environment for sponsors could push cat bond issuance for 2017 to $8bn, insurance-linked securities (ILS) brokers said.
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Partner Re launched a retro sidecar using its own capital at the 1 January renewals, sister publication Trading Risk reported.
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AlphaCat, the asset management arm of Validus, has grown to $2.7bn in assets, the Bermudian (re)insurance group announced today.
