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AIG said that the AlphaCat asset management franchise was one of the attractions of its $5.56bn bid for Bermudian (re)insurer Validus Group.
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Convergence reinsurance capital rose by 9 percent throughout 2017, from $75bn to $82bn, Guy Carpenter said in its January renewals report.
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Sequant Re; First Republic; Private equity buy-up; PGGM's Leo expansion
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Third-party investors contributed net inflows of $714.2mn as of 1 January, helping to push AlphaCat Managers’ total assets under management (AUM) to $3.4bn.
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Private wealth advisory firm First Republic Securities has set up and raised $77.7mn for a new reinsurance fund, according to US SEC filings
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Nephila Capital wrote total limit of $1bn on AIG's expanded catastrophe reinsurance programmes for 2018, Trading Risk can reveal.
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The ILS sector continued to see new launches in 2017, as the fallout from hurricanes Harvey, Irma and Maria gave momentum to a number of niche start-ups.
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Industry analysts have estimated that the ILS market could pick up as much as 15-25 percent of total insured claims from this year's major disaster losses, but looking at disclosures to date suggests the sector is currently assuming its share will fall at the lower end of expectations
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Leadenhall Capital has reported that its assets under management (AUM) have increased by $1bn since January to reach $4.5bn.
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Markel Catco said that it expected assets under management to grow to $6bn in 2018, a more than 30 percent increase in the past year.
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Swiss Re has agreed to purchase 1.1 million life insurance policies from Legal & General for £650mn.
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Al Selius has joined $21bn asset manager BlueMountain Capital as an ILS portfolio manager, sources told Trading Risk