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Managers believed end-investors value diversification and non-correlation of cat bonds over liquidity.
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Matthew Towsey has spent 14 years at Aon.
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The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
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He had spent 10 years at Securis, with seven of them as COO.
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The total yield was 11.03% as of 27 June, including 4.3% of risk-free rate.
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The recommended “AIF lite” structure could be suited to cat bond lites.
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The Bermudian ILS manager has recently changed its name from Mereo Advisors.
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The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
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Property cat-focused sidecar capital was up by approximately 10% in H1.
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The sidecars will provide capacity for reinsurers and large insurance carriers.
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Initial responses to ESMA’s report welcomed the long timeframes for any changes.
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The total return for the Swiss Re Global Cat Bond Index stood at 0.61% for the month.