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Glenn Jackson has joined independent broking house RFIB Group as a managing director of RFIB Americas
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Endurance has attached its first layer of aggregate non-peak loss retro, said senior vice president of investor relations Gregg Schroeder on the carrier's second quarter conference call on Monday (1 August)
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Validus recovered almost three-quarters of its Jubilee oil field loss from an industry loss warranty (ILW) payout, the carrier's second quarter results showed
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Third-party investors in reinsurer sidecars and asset management platforms took a share of second quarter catastrophe losses, which in turn impacted the fee income of the managing carriers
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A weather cat bond is being pitched to insurance-linked securities (ILS) investors for the first time since the late 1990s, sister publication Trading Risk reported last week
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Validus expects the Jubilee oil field loss to cause industry losses of $1bn-$1.25bn and for rate increases to take place in the beleaguered energy market
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Axis Capital increased its reinsurance cessions in the second quarter and has confirmed it is planning to expand its use of third-party capital
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Tightening spreads on the cat bond market should lead to a pick-up in activity later in the year after a subdued second quarter, Aon Securities CEO Paul Schultz said in the company's latest insurance-linked securities (ILS) review.
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Markel Catco said Canadian wildfire claims will lower the net asset value (NAV) of its Catco Reinsurance Opportunities Fund by 1 percent or about $3.5mn.
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Nephila Capital's fronting partner Allianz Risk Transfer more than doubled its target size for its second cat bond of the year, sister publication Trading Risk reported last week.
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Nephila's fronting partner Allianz Risk Transfer has more than doubled its target size for a second Blue Halo Re cat bond issuance to $225mn, sister publication Trading Risk reported.
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Second quarter catastrophe losses will only have a small impact on the (re)insurance sector, panellists agreed at the Guernsey ILS Insight event in Zurich on 7 July.
