Broker/dealers
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The ILS executive will head up structuring for the Americas.
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The broker platform has managed nearly $100mn of capacity.
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The head of the ILS international team at Gallagher Securities Europe expects ILS issuance in the region to grow following rises in the European Central Bank rate.
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Their view that “investors have never had it so good” speaks of a market in an upbeat mood as of January.
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Jason Bolding adds to the growing team recently joined by Alexandre Delacroix and Keshav Gupta.
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The broker said it would help clients to think creatively and act quickly in accessing capital.
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The appointment to the ILS unit follows news of Howden’s move to buy TigerRisk.
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The rate-on-line index rise is the steepest uplift in 16 years.
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The broking houses also said they "remain fully committed to the benefits of [their] proposed combination".
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The executive had previously been the head of third-party capital at Axis.
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The busy storm season, Covid-19 uncertainty and a hardening market are driving demand.
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BMS plans to expand into the retro sector but will avoid being drawn into bidding "frenzy".
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The executive director of treaty could depart in October, sources suggested.
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The investment hit to the industry has nearly been erased, while capital raising is approaching the scale set by the class of 2005 start-ups.
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Covid-19 claims could make the year the most expensive on record, the broker warns.
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With up to $4.5bn of anticipated volume in the works, ILS broker-dealers are waiting to see how multi-strategy sellers will impact the primary market.
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The policy would have likely paid out due to the coronavirus crisis.
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Having a $20bn-revenue organisation would create the ability to invest more heavily in new solutions, including tech.
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The broker said it was considering next steps for the wholesale arm to maximise its growth.
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The former Aon retro broker was previously CEO of the UK arm at Fidelis.
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The deal covered Turkish earthquake risk.
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Aetna Life achieved its lowest coupon ever on the Class A tranche.
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ILS broker-dealers’ forecast cat bond issuance will range from $8bn to $11bn this year, reclaiming ground lost in 2019 when annual volumes plummeted more than 40 percent year on year.
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Alternative capital made up $60mn of the capacity Tremor priced last year, the company announced.
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The broker’s 1st View report highlighted diverging reinsurer tactics and segmented renewal outcomes.
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We have written a bit about how certain (re)insurance business lines, such as retro, are struggling for capacity right now, but another noteworthy development is that some types of structures are also requiring major efforts to shore them up.
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Aon’s plan to launch an auction platform in time for 1 January 2020 suggests a struggle is underway in the reinsurance space for the position of auction technology market leader.
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Some 15 percent of cat bonds on risk will mature in Q2 next year.
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David Priebe has been promoted from the role of vice chairman.
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The former JLT Re analytics head will be running Hyperion X Analytics, a joint venture between Hyperion X and Hyperion group.
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Chris Beazley’s role has been expanded to include head of reinsurance for MS Amlin after his departure.
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The organisation’s latest data showed a further acceleration in rate rises as the line strengthened for the eighth consecutive quarter.
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The law creating the $21bn fund to be administered by the California Earthquake Authority was passed in July.
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Conan Ward was chairman of the broker’s US and Bermuda specialty business.
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The London market association warns of “significant” costs in the event of no deal.
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The reinsurance broker’s CEO James Kent also said the ILS market reaction to HIM loss creep has varied widely.
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