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ILS broker-dealers told Trading Risk that the market's investor base continued to broaden in the first quarter, with relatively greater participation from generalist investors as spreads compressed relentlessly.
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Questions have been asked about the future of Cayman Islands start-up reinsurer Southport Re due to concerns over the quality of assets it has been using to collateralise its underwriting, sister publication The Insurance Insider has reported
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Stone Ridge Asset Management has filed the first quarterly report for its new $600mn Interval fund, revealing a host of investments in reinsurer quota shares led by a $100mn stake in Everest Re's $370mn Mt Logan Re sidecar.
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The AlphaCat-managed PAC Re sidecar is exploring the possibility of expanding beyond property cat into other business lines including casualty treaty, sister publication The Insurance Insider has reported
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Watford Re will launch with $1.13bn of capital, including a $100mn investment by Arch Capital Group, confirming earlier reports from sister publication The Insurance Insider.
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ILS Advisers will launch a new public fund-of-funds in the ILS market tomorrow (1 April) with $21mn of commitments, the firm told Trading Risk.
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Oxbridge Re has raised $26.4mn of net proceeds from its initial public offering, the company announced
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The Canada Pension Plan Investment Board (CPPIB) has agreed to buy life reinsurer Wilton Re for $1.8bn from a group of investors led by Stone Point Capital, Kelso & Company, Vestar Capital Partners and FFL.
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Blue Capital Global Reinsurance Fund, the London-listed reinsurance investment vehicle managed by Montpelier Re, has set the price for its new share issuance at $1.065 per share, a 2.8 percent premium to its net asset value per share on 28 February.
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Munich Re today (20 March) announced a EUR1bn ($1.39bn) share buyback programme as it said it expected its profit to drop 9 percent this year due to a higher tax burden and falling investment income.
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Cayman Islands start-up reinsurer Oxbridge Reinsurance intends to raise up to $29.75mn from an IPO on the Nasdaq SmallCap Market, according to regulatory filings
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Don Kramer's ILS Capital Management has bound about $150mn of reinsurance limit since it began underwriting in the January renewals, sources told Trading Risk.
