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Axis ceded $6.1mn of crop losses to Axis Ventures Re in the third quarter, immediately after setting up an arrangement to transfer agricultural risk to the unit
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Credit Suisse Asset Management is in line to secure a Lloyd's presence via a special purpose syndicate (SPS) with Barbican, sister title The Insurance Insider revealed yesterday
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Reinsurers and hedge funds increased their participation in the cat bond market over the 2013-2014 year as institutional investors pulled back, Aon Benfield Securities said in its annual review of the market.
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The Mariah Re tornado bond lawsuit has resulted in legal changes designed to reinforce the independence of cat bond administrators.
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Twelve Capital CEO Christoph Buerer says that opening a new London office will ensure the firm is "where the talent is" after it added several new analysts to the team
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DCG Iris shareholders vote for wind-up; IBM's UK pension plan commits to Nephila; Nephila and Kinesis win at Insider Honours
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The Royal Bank of Scotland (RBS) pension fund has reduced its allocations to the ILS sector over the past year as spreads have compressed
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Returns generated by seven cat bond funds tracked by Trading Risk in the year to date are a third lower than the results recorded in the same period last year
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Reinsurer sidecars have accumulated average returns of 8.3 percent for the first seven months of 2014, according to the latest quarterly filings from mutual fund manager Stone Ridge.
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ILS investors were largely dissuaded from investing in the $500mn of pre-event Class 1 public securities issued for the Texas Windstorm Insurance Association (TWIA) last month due to the fact the bonds are taxable, Trading Risk understands
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Validus subsidiary AlphaCat is preparing to launch a new cat bond fund that would pursue a passive tracker strategy, Trading Risk understands
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The drive for ILS fund managers to set up rated balance sheets reflects a desire to find alternatives to fronted business, as well as opening up wider access to leverage and new business
