Collateralised reinsurance
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The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk. -
The programme’s total limit this year is down $594mn to $1.36bn.
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The total return for the Swiss Re Global Cat Bond Index stood at 0.61% for the month.
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The documents figure in a potential criminal case against a CCB employee.
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ILS offers efficient capital for underwriters, but casualty ILS transactions are complex.
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The bond will provide protection for storms, quakes and fires in seven US states.
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The bond protects against losses in the US, Canada, Europe and Australia.
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The bond will cover named storms in five US states.
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The bond will offer retrocession coverage for Hannover Re.
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The carrier increased its cession by around 13% year over year.
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An allocation to insurance could “feel like a nice, calm port in the storm” amid wider market volatility.
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The bond will provide fire protection for MGA Bamboo’s California business.
