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Markel Catco has said it will raise gross proceeds of $543mn by issuing new shares in its London-listed Catco Reinsurance Opportunities Fund.
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Lloyd's insurer Brit has announced the launch of a new specialty (re)insurance platform, Scion Underwriting Managers, which intends to write business on behalf of third party capital providers as well as Brit and other markets
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The Canada Pension Plan Investment Board (CPPIB) added RenaissanceRe to its list of reinsurance managers in 2017 as it continued to expand its holdings in the sector.
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The London-listed Blue Capital Alternative Income Fund said it expects its median return for 2018 to be around 15 percent, with a return of 10 percent for a mean loss scenario.
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The Massachusetts Pension Reserves Investment Management Board (MassPRIM) has allocated $250mn to the reinsurance sector, split between two managers, Aeolus and Markel Catco.
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The managers of start-up ILS fund Lutece Re said they had raised a "significant amount" of committed capital to begin underwriting at the 1 January renewals
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Markel Catco's October return was up 2.2 percent during the past month, according to a London Stock Exchange Listing.
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Erik Manning's start-up ILS fund Lutèce Re has raised capital to begin underwriting retro business during the 1 January renewals, Trading Risk understands
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Former Hiscox Re executive Michael Jedraszak and ex-RenaissanceRe portfolio manager Kai Morgenstern have co-founded a new business, Tangency Capital, together with Dominik Hagedorn
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Four of the listed Florida insurers have ceded more than $1.2bn of third quarter catastrophe claims to their reinsurers, based on estimates from their quarterly disclosures
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Investors waiting to move into the ILS sector could seize their chance in the post-loss environment, but speakers at this year's Trading Risk New York Rendez-Vous questioned whether the price reaction to 2017 catastrophes would be enough to draw in more opportunistic actors
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There has been a mixed reaction to third quarter catastrophe losses from Korean investors who invested in ILS for the first time this year, an analyst from South Korea's leading securities firm told Trading Risk
