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The statements come after an outline agreement, signed by Covea 10 weeks ago, collapsed this week.
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The firm's new minority investor reaped half-year returns of 2-4 percent.
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Two large ILS managers bucked the trend for alternative retractions, but traditional carriers recorded the fastest expansion.
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The sidecar’s AuM has held steady and remains an important hedging mechanism to the reinsurer, it said.
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This came as the carrier sank to a $1.4bn Q1 loss on huge investment losses.
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The top ILS manager expects assets under management to decline by 7% in H1.
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The major buyback was completed before the Covid-19 pandemic sparked a market crisis.
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The finance company is led by ex-Leadenhall deputy CIO Dan Knipe.
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The consultancy with more than A$410bn in AuM said Joseph Clark's insurance background would benefit clients.
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This is the first time premium income has outpaced claims in three years.