Casualty treaty
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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.
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            The purchase brings Sompo an established ILS platform as part of the deal.
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            The firm’s ILS vehicles posted low single-digit growth in assets under management in Q2.
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            Investors are drawing lessons from life deals to find new routes into insurance markets.
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            The vehicle will support Ascot’s casualty business in the US and Bermuda.
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            Property cat-focused sidecar capital was up by approximately 10% in H1.
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            The sidecars will provide capacity for reinsurers and large insurance carriers.
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            John Kulik will work within Ledger’s broking team, Ledger Investing.
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            Weston Tompkins spent 10 years in an investor relations role at Securis.
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            ILS offers efficient capital for underwriters, but casualty ILS transactions are complex.
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            The ILS manager’s total AuM increased to $2.2bn in 2024 from $1.7bn the year prior.
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            Investors want transparency from managers regarding the impacts of climate change.
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            The buzz in the air at ILS Connect told of a market entering its next growth phase.
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            Commutations need to be optimal for the sponsor and the investor to avoid sponsors taking back chunky risks.
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            Investor interest and capital flows point to potential for ILS proliferation.
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            The carrier increased its cession by around 13% year over year.
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            The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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            Industry sources estimate the market to be around $3bn.
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            The carrier increased premium by 7% at the January renewals.
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            Amin Touahri spent five years in a variety of roles at Munich Re.
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            The Bermuda based entity is expected to continue on its “responsible growth trajectory”.
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            Casualty ILS made inroads, while hurricane hedging strategies came into focus.
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            The number of sponsors has risen from 46 about a year ago to 66 over the last 12 months.