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An inflow of investors into the private bond market allowed broker Towers Watson Capital Markets (TWCM) to double the size of the Oak Leaf Re cat bond it placed from $11.95mn last year to $22.78mn
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Two cat bond funds closed their doors to new subscriptions this month, but this is not necessarily a sign of a wider issue with excess capacity, market observers said
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SAC Re CEO Simon Burton says the key to the firm's successful fundraising has been repackaging its combination of (re)insurance and investment risk to appeal to investors dissatisfied with the currency on offer from traditional reinsurers
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Sarasin Fund Management has closed its Cat Bond Fund to new subscriptions after taking in $100mn in its first four months.
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Hedge fund-backed reinsurer SAC Re is nearing the end of the fundraising process and is preparing to launch, reports sister title The Insurance Insider
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GAM has placed a soft close on the Star Cat Bond fund, which is overseen by leading ILS fund manager Fermat Capital Management, with new subscriptions subject to a waiting list
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Defying conventional wisdom, debt from specialist credit funds will still support sidecars, according to panellists at the CFO Forum hosted in London yesterday (27 June) by sister publication The Insurance Insider
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Dexion Capital has raised £40.1mn, less than half the targeted £100mn, for its new listed ILS fund DCG Iris
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Bermudian (re)insurer Argo Group has hired former BNP Paribas convergence expert Mark Gibson to the new position of director of alternative risk capital
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Bermudian (re)insurer Alterra Capital has launched another incarnation of its New Point sidecar, the company announced today (20 June)
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Dexion Capital has extended the deadline for its initial public offer of shares in a closed-ended ILS fund, the company announced today.
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Dexion Capital was due to close subscriptions to its proposed DCG Iris fund on 15 June, after Trading Risk went to press, as the fund manager made its second attempt to list a closed-ended ILS fund.
