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  • US Congressman Bill Cassidy has called a group of ILS experts together for a working group meeting on financing flood risk, to be held this Wednesday 18 September, Trading Risk understands.
  • The Bank of England's executive director of insurance Julian Adams confirmed that the regulator was taking an interest in developments in the alternative reinsurance market.
  • Swiss investment manager Twelve Capital has announced that it will enter the insurance private debt market with the launch of two funds that will provide capital to small and medium-sized insurers.
  • Montpelier Re's Blue Capital Global Reinsurance Fund is planning a second share placement next month, the company disclosed this morning (12 September).
  • Private equity-backed carrier Barbican has launched a collateralised reinsurance platform that will operate out of Guernsey, sources have told sister publication The Insurance Insider
  • Reinsurers deploying capital markets capacity must find a way to do so without sacrificing customer needs, according to Lloyd's chairman John Nelson.
  • The "decoupling" of non-traditional reinsurance rates witnessed in 2013 has created acute conflicts of interest for reinsurers that manage third-party capital, Endurance Specialty's reinsurance CEO Jerome Faure told sister publication The Insurance Insider.
  • A number of hedge funds, including Searchlight Capital and Pine River, are understood to be looking to enter the reinsurance sector after Third Point Re's recent flotation on the New York Stock Exchange helped stoke interest in such launches.
  • AQR Re will close its London office after expanding in Bermuda, with its two UK-based executives set to leave the firm, sources told Trading Risk.
  • The fee income that Hannover Re generates from its transformer and fronting business makes the ILS sector a friend more than a foe, says executive board member Juergen Graeber.