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The spectre of interest rate hikes is a reason why the ILS asset class remains attractive for investors, said BMO Global Asset Management's chief investment officer Jitzes Noorman.
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A shift by regulators to require more diversification in Ucits mutual funds is "very sensible", given the illiquidity that could arise after a catastrophe event, Credit Suisse's head of ILS Niklaus Hilti said in the latest Clearpath ILS report.
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United P&C has launched its first cat bond offering through the $100mn Laetere Re issuance, Trading Risk understands
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Alloy Re, the total return reinsurance start-up backed by XL Catlin and alternative fund manager Oaktree, has been axed after sums raised for the venture fell short of targets.
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Risk-adjusted cat bond spreads have dipped below 2015 yields for the first time this year, according to RMS data.
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Cat bond prices continued to edge upwards in May, amid intense buyer demand when there was very little for sale.
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Apollo-backed Athene Holding is preparing for a public flotation and has filed a registration statement with the US Securities and Exchange Commission
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Leadenhall Capital Partners has added two new operational staff to its team, as its assets under management have grown 16 percent from the start of the year to reach $2.8bn.
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Alleghany earned $3.1mn during the first quarter from its stake in funds managed by Pillar Capital Management, down from $6.6mn in the same period a year earlier
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Markel reported a small quarterly loss in its investment management segment in the first quarter, following its acquisition of Bermudian fund manager Catco last year.
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Validus subsidiary AlphaCat returned $146.5mn of capital to investors in its sidecar during the first quarter as it focused on writing third-party business primarily through its two reinsurance funds
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USAA's latest Residential Re cat bond has upsized by two thirds and is set to close at $250mn, with anticipated pricing on the deal at the lowest end of the revised target range, Trading Risk understands.
