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Secondary trading accelerated towards the end of September, as ILS investors realigned their cat bond holdings in anticipation of $2.5bn of new issuance in the coming months. “Investors are tra
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Former RBS executives Henry Kus and Bjorn Schmolck have launched dedicated ILS vehicle Traymar Capital Ltd and are understood to be in negotiation with potential capital providers to start a series o
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Hedge fund participation in 2009 ILS transactions has increased more than four-fold since 2008, although their slice of the overall pie has shrunk by more than half since 2007, according to industry
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Hannover Re has continued its pioneering legacy with the launch of the $60mn sidecar-style vehicle Fac Pool Re – the first dedicated, securitised facility created for facultative exposures. Han
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Bermudian mutual insurer Oil Casualty Insurance Co (OCIL) has repurchased $7,012,000 of the Class B notes of Avalon Re – its loss-stricken 2005 excess liability cat bond. The tender offer to no
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London-based ILS investment manager Securis Investment Partners has hired former Swiss Re trader Al Selius to start a New York office. Selius will be based in New York and will join the non-life orig
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Deutsche Bank is developing a highly liquid, highly transparent insurance-linked instrument which would provide mainstream investors with an alternative to cat bonds, Trading Risk understands. The ta
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Leading ILS investor Clariden Leu is seeking to use the securitisation power of its Swiss bank franchise to transform insurance risk into much-needed investments for its flagship Cat Bond Fund. The $
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London-based ILS investment manager Securis Investment Partners has hired former Swiss Re trader Al Selius to start a New York office, Trading Risk can reveal. Selius will be based in New York and wi
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Bermudian mutual insurer Oil Casualty Insurance Co (OCIL) has repurchased $7,012,000 of the Class B notes of Avalon Re – its loss-stricken 2005 excess liability cat bond. The tender offer to n
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Oil Casualty Insurance Co (OCIL) has extended to 4 September the deadline for its tender offer to repurchase up to $50mn of the Class B notes on its Avalon Re cat bond, Trading Risk can reveal. In Au
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The two cat bonds to come to market in July both increased in size significantly during the marketing phase, evincing a strong demand from investors for new ILS issuance. North Carolina’s state
