Casualty treaty
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The industry has continued to build and innovate through a third strong year of performance.
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The offering is born out of software Ledger developed to manage its own portfolio since 2021.
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The firm will support administration of casualty ILS and other data-rich transactions.
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Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.
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The outcome of Eaton Fire subrogation is an uncertainty for some vehicles.
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Carriers are grappling with a rush of investor interest in longer-tail lines.
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O’Donnell believes RenRe is well positioned to produce longer-tail risk to third-party investors.
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The legacy cover will backstop policies written by its North American insurance business.
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The reinsurer stressed it “did not shy” from cat business in 2023.
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ILS has been a driver of innovation in reinsurance, Convergence 2025 attendees heard Wednesday.
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Ryan Saul will work at Ledger’s broker-dealer subsidiary Ledger Capital Markets.
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Key topics include private ILS growth prospects and the longevity of longtail interest.
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The facility will initially focus on US, Bermudian and European business.
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The Bermuda reinsurer has been active in ILS since launching in 2007.
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Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
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ILS executives talked pricing, capacity and opportunities in casualty at an ILS roundtable in Monte Carlo.
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Sources said that the carrier has held preliminary talks with private debt investors.
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The leadership’s commentary spotlighted to value of ILS to the group.
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The volume of property cat aggregates placed grew 50% in 2025.
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The vehicle will be capitalised by an asset manager with more than $100bn in AuM.
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The trend for private credit in alternative asset management is “set to continue”.
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The ratings agency warned negative PYD on US casualty will likely continue.
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The global specialty player is also exploring ILS offerings across specialty and cat bonds.
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Aspen Capital Markets earned $169mn in fee income in 2024 alone.