Allied World
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The three-year instrument provides cover for US named storms and earthquakes and European windstorms. -
The global carrier has expanded its target limit to $250mn-$275mn.
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The multi-peril notes offer a 12% coupon in the latest issuance of an active quarter.
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The deal will provide the insurer with annual aggregate ILW cover.
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Interim CEO Kevin Rehnberg was confirmed as CEO following Mark Watson’s resignation in November last year.
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Lou Iglesias takes up the CEO job at Allied, having worked for the company since 2012.
