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Hedge fund manager DE Shaw's Class 3 Bermudian reinsurer is operating with impaired capacity for the 1 January collateralised renewal season as investor redemptions take their toll on assets under management, Trading Risk understands.
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Swiss-based Falcon Private Bank is launching a UCITS III cat bond fund, one of the first ILS funds to use the European mutual fund structure, Trading Risk understands.
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Hot on the tail of a successful first cat bond "lite" securitisation, dedicated ILS fund manager Clariden Leu is working on a repeat transaction, using the European industry loss index PERILS as a trigger.
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Leading ILS investor Clariden Leu has hired a portfolio manager with a view to expanding its strategy in the area of life insurance-linked investments, Trading Risk can reveal.
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Ex-Horizon21 fund manager Urs Ramseier has launched his new Swiss investment firm Twelve Capital, as predicted by Trading Risk in late July.
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Leading ILS investor Clariden Leu has closed a groundbreaking ILS transaction, using the securitisation power of its Swiss bank franchise to transform insurance risk into much-needed investments for its flagship Cat Bond Fund, Trading Risk can reveal.
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Bermudian ILS investment manager Nephila Capital sourced investment totalling $340mn from UK pension funds in the second half of 2009.
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Life settlement market pioneer The Coventry Group has formed a strategic partnership with Traymar Capital - the investment management platform of ex-RBS executives Henry Kus and Bjorn Schmolk.
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A loss looks increasingly likely on the Class G notes of Glacier Re's 2008 Nelson Re, as claims from last year's Hurricane Ike threaten to trigger the bond.
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Leading ILS investor Nephila Capital and a subsidiary of Allianz Risk Transfer (ART) have tapped two investors for an extra $200mn to deploy during the 2009 US wind season. The two ILS-specialist fir