Reinsurers
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The ILS manager has hit back at an attempt by the defendants to have the case dismissed.
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The start-up has secured BMA approval as it looks to a 1 January kick-off.
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The bond will provide aggregate coverage against named US storm.
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The bond is split into three tranches of notes.
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The latest clutch of offerings indicates pricing discipline in the bond market.
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Helene losses were spread wider than initially suggested, in contrast to Milton claims.
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The latest issuance is the second cat bond RenaissanceRe has issued this year.
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The reinsurer took $743mn of nat-cat losses in the quarter.
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The sidecar was established to enhance RGA’s access to capital for its US asset intensive business.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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The outgoing CEO will leave the company at the end of March 2025.
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The bond offers a midpoint multiple of 4.1x with an expected loss of 0.92%.