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  • Bermudian short-tail specialist Lancashire has appointed Darren Redhead as head of its newly formed capital management business following the surprise exit of Simon Fascione
  • Allied World and Hannover Re have settled a legal dispute relating to facultative risks that were ultimately securitised into the Fac Pool Re deal, sister publication The Insurance Insider reported yesterday.
  • Underwriters of business on managed capital will not deliver the same level of returns as those writing on a (re)insurer's own balance sheet, according to Keefe, Bruyette & Woods (KBW) analyst Meyer Shields.
  • Smaller players in the Florida insurance market may soon be able to group together to tap the capital markets for reinsurance cover such as catastrophe bonds.
  • Willis is marketing a new retro product - Weighted Index Indemnity Protection (WIIP) - that is designed to edge index products closer to their indemnity counterparts
  • The ILS market needs to make a "paradigm shift" not "convergence" to see significant growth, Liberty Mutual's global reinsurance senior vice president James Slaughter said in a panel at today's Sifma ILS conference in New York.
  • There are likely to be fewer temporary, opportunistic sidecars in 2013 as catastrophe pricing softens, but investor commitments to longer-term vehicles such as cat funds or permanent reinsurer sidecars are likely to increase, a panel of experts agreed at the Sifma ILS conference in New York today.
  • After a quiet start to the year two new catastrophe bonds have begun marketing that will take 2013 issuance to around $1bn if successful
  • The newly appointed head of Lancashire's capital management business Simon Fascione has resigned from the Bermudian short-tail specialist, Trading Risk has learned.
  • Allianz Risk Transfer (ART) has agreed a three year deal to provide risk capacity for Bermudian fund manager Nephila Capital, the first time the pair have formalized their relationship over a longer term.