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Ontario Teachers' Pension Plan (OTPP) has agreed to sell Lloyd's insurer ANV for $218.7mn in cash to AmTrust, the fund announced today (19 April)
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Geneva-based Lombard Odier Investment Managers has officially launched its new ILS fund, which it said would target returns of 2 to 4 percent above Libor rates, net of fees.
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Swiss-based Plenum is partnering with Bermuda reinsurer Sequant Re to launch a new ILS fund which will offer opportunities for diversification away from peak risk.
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Swedish state pension fund AP3 reported total insurance linked assets of 2.7bn krona ($319mn) at the end of 2015, up from 1.8bn krona in 2014 ($230mn) and 1.6bn krona in 2013, according to the fund's 2015 annual report.
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Alternative capital increased by 12 percent to $72bn during 2015, with continued increases in collateralised reinsurance contributing to growth, according to Aon Benfield's latest reinsurance market outlook.
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Credit Suisse is making progress with its plans to issue an operational risk insurance securitisation after a major single investor said it would take at least CHF100mn ($105mn) of the transaction, Trading Risk understands.
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Bermudian Class 3 insurer Iris Reinsurance has listed non-voting preferred shares on the Bermuda Stock Exchange (BSX), it announced today (5 April).
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AJ Gallagher (AJG) subsidiary Artex Risk Solutions has entered a definitive agreement to acquire Guernsey-domiciled Hexagon Insurance PCC and its subsidiaries, building on the acquisition of Kane earlier this month.
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Swedish pension fund AP2 added Credit Suisse Asset Management to its roster of ILS managers in 2015, as it expanded its overall holdings in the sector by more than $200mn to take it beyond the $650mn mark.
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Several Schroders entities have reduced their shareholding in the Catco Reinsurance Opportunities Fund to just under the 10 percent threshold, according to a stock exchange announcement.
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Hannover Re fronted EUR4.7bn of limit for collateralised reinsurance writers in 2015, up 52 percent from EUR3.1bn the previous year, according to the company's annual report
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Run-off specialist Enstar is seeking to raise $700mn of capital for its Aligned Re joint venture with UBS O'Connor
