Aspen
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For-sale insurer reports a decrease in reinsurance net written premiums as it makes changes to how it cedes risk to Aspen Capital Markets.
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Aspen Bermuda's Kendall Re cat bond has priced at 525 basis points, at the lowest end of the reinsurer’s revised forecasts, Trading Risk understands.
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The target size of Aspen Bermuda's Kendall Re 2018-1 cat bond has increased by 50 percent to $225mn
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Aspen Re Americas CEO and chairman of reinsurance Brian Boornazian will step down at the end of April.