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Liberty Mutual has established a new multi-year collateralised reinsurance vehicle, the $160mn Limestone Re, which will provide reinsurance support for its property catastrophe, homeowners' and London market specialty insurance portfolios.
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Two Florida insurers have issued debt to insurance-linked securities (ILS) managers in recent weeks, highlighting the fact that a broader group of such companies are prepared to invest in such deals.
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Florida Citizens Property Insurance has tentatively set aside $70mn to spend on its reinsurance buying in 2017, as it faces rising losses from water claims and assignment of benefits (AOB) litigation.
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Enstar's legacy-and-live total return reinsurer KaylaRe, which it launched last week (15 December) with capitalisation of $620mn, looks likely to be the final entrant in the recent spate of such carriers to make it over the line.
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Scor has renewed a contingent capital facility with an extra EUR100mn ($106mn) of capacity, the company announced today
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Insurance-linked securities (ILS) executives said they would like shorter approval timeframes to be introduced into the proposals for a London market ILS regime.
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XL Bermuda has turned to the cat bond market to line up as much as $1bn of retro cover in what is one of the largest transactions at launch in the insurance-linked securities (ILS) market's history, sister publication Trading Risk reported last week.
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Aspen Re has increased the size of its sidecar, Silverton Re, to $130mn for 2017, it announced today
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XL Catlin is seeking to raise up to $1bn of retrocession cover from new cat bond issuances, sister publication Trading Risk reported this morning
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Mitsui Sumitomo Insurance is to launch a weather parametric product that utilises data from Nasa satellites, according to media reports
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Floridian insurer American Strategic Insurance is set to raise $200mn from its Bonanza Re cat bond as strong investor demand pushed the insurance-linked coupon on the transaction below initial targets, sister publication Trading Risk reported.
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UK Economic Secretary to the Treasury Simon Kirby has called upon the insurance industry to engage thoroughly with the consultation on the draft regulations for London's insurance-linked securities (ILS) hub.