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This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
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PoleStar Re Ltd 2026-1 includes three sub-layers, which run for a three-year term.
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The industry has continued to build and innovate through a third strong year of performance.
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The firm will support administration of casualty ILS and other data-rich transactions.
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North Carolina Farm Bureau raised $500mn with its latest Blue Ridge Re cat bond deal.
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Demand for top layer coverage may also need to be supported by underlying market growth.
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The firm anticipates potential growth in cyber cat ILS similar to property cat ILS post-2005.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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Growth included a $240mn increase in partner capital in DaVinci equity plus debt.
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Carriers are grappling with a rush of investor interest in longer-tail lines.
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On a nine month basis, fee income was up nearly 30% to $146mn.
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Mt Logan’s Q3 loss ratio improved by 44.2 points to 11.5% for the quarter.
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As the P&C market shifts, carriers are looking for growth from acquisitions.
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The ILS start-up was founded in January by Hanni Ali and Peter Dunlop.
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Pre-tax income at the vehicle was $30mn in the first nine months of 2025.
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The firm said this was due to planned returns of capital to ongoing investors.
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Brant Loucks is one of four promotions across the Capital Partnerships and reinsurance units.
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Operating revenues were also up on the $29.1mn reported over Q2.
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O’Donnell believes RenRe is well positioned to produce longer-tail risk to third-party investors.
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Third-party investors made a net income of $415mn in the quarter.
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The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
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The capital will provide retro cover for life-focused reinsurer Fortitude Re.
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Investor interest is warming up following a colder spell over the past several years.
