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September 2014/1

  • Former Swiss Re executives Stefano Sola and Richard Pennay have founded a new technology-focused catastrophe broking house, Rewire Holdings.
  • Aspen Re has promoted its chief risk officer Stephen Postlewhite to the CEO role after James Few stepped down to pursue other opportunities.
  • DaVinci investor raises stake; Lancashire targets $500mn for Kinesis; AlphaCat AuM reaches $1.49bn
  • Short-tail cat specialists came under pressure during the second quarter of 2014 as softening market conditions hit the peer group's results at multiple angles, according to analysis by The Insurance Insider's Data Room
  • A handful of reinsurer sidecars accrued average returns of 3.8 percent during the first four months of 2014, according to the latest results from mutual fund manager Stone Ridge
  • ILS fund managers may write as much as four times the amount of premium per employee as rated reinsurers, according to Trading Risk estimates
  • Golub Capital is deferring the launch of its reinsurance start-up, sister publication The Insurance Insider reported
  • Sweden's third national pension buffer fund AP3 continued to reduce its insurance-linked assets in the first half of 2014 after scaling back its exposure in 2013, according to interim results released in late August
  • RMS(one) platform delayed; BMS Capital Advisory; Steadfast Re launches; RMS puts Napa quake cost at $250mn...
  • Cat bond prices remained 1.16 percent below the peak recorded for 2014 by the end of August, after beginning their seasonal climb in mid-July
  • The regulator for securities firms operating in the US has begun to publish data on catastrophe bonds traded by its members in an attempt to make the Rule 144A bond market more transparent
  • A surge in reinsurance capacity for longevity risk has helped to compress risk transfer prices and resulted in a flood of deals in the third quarter, as pension funds and insurers hedged liabilities worth £28bn ($46.5bn) in total