February 2015/1
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Willis Re managing director Linley Ah-Chung is set to move back to Aon Benfield
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Michael Millette is to leave Goldman Sachs in early March, after 20 years with the investment bank
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In the landscape of insurance risk transfer, US inland flood risk has been underrepresented
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With the convergence market estimated to have grown by one-third to $60bn in 2014, the number of investors attracted to various ILS structures from within the European Union (EU) has also increased
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Travelers expands cat cover; PCS initiative; 2014 cat losses up; SEC eyes liquid alts; Catlin investors increase support...
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Nephila Capital was the only collateralised market provider to appear on the reinsurance panel for recent Florida start-up Mount Beacon, according to information listed on the company's website.
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Participants in the Florida reinsurance market are expecting some $800mn-$1bn of new demand to emerge from expansive take-out companies in the 1 June renewals this year.
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Japanese trade union mutual insurer Saikyosairen is thought to have bought additional top-layer cover as it renewed its major property catastrophe reinsurance programme ahead of the April renewals
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Europe's 20 largest cedants passed on EUR39.2bn of non-life reinsurance premium in 2013, a year-on-year decline of 8 percent
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West Virginia reports gain; Swisscanto buys into ILS; ILS Advisers index dips in 2014
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Reinsurance brokers and carriers fear that the recent flurry of M&A activity in the sector may depress demand for cover.
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Florida-based managing general agency (MGA) New Paradigm Underwriters has begun writing parametric hurricane (re)insurance on Allianz paper, Trading Risk can reveal.
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AQR Re shifted more of its assets under management to its newer, higher risk-return fund in 2014.
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Several carriers have reported a reduction in their 2014 gross property catastrophe premiums as they scaled back in response to softening rates
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Reinsurance carriers are increasingly emphasising the importance of scale, as XL-Catlin and PartnerRe-Axis have unveiled merger plans that will propel them into the top 10 and top five respectively by premium base
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Kane lite platform goes electronic; Micrix index gains 12% in 2014; World Bank pandemic facility; Longevity platforms
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High-yielding cat bonds have made up two-thirds of the trades on the secondary market in the first six weeks of 2015, according to information recorded by Finra's Trace system.
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More pension schemes will approach the longevity swap market in 2015, with deals worth more than £20bn already in the pipeline, according to Aon Hewitt senior partner and head of risk settlement Martin Bird.
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Two higher-risk deals from Scor and Catlin have taken total 2015 catastrophe bond volume to $824mn, in a more controlled start to the year than in 2014.
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Credit Suisse Asset Management (CSAM)'s head of ILS Niklaus Hilti said that the company's new rated entity Kelvin Re will be the first low-cost "Easyjet Re" carrier of the reinsurance industry.
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ILS fund managers have often critiqued the reinsurance industry's cost base, so it's not surprising to hear them borrowing comparisons from the aviation market to illustrate their value proposition.
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Hannover Re has expanded its K quota share retro sidecar by 25 percent for 2015, the company told Trading Risk.
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ABR Re, the new joint venture from Ace and BlackRock, is currently fundraising for $1bn-$1.5bn but will not immediately seek an AM Best rating, Trading Risk has learned.
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