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  • Although significant institutional capital may be sitting on the "sidelines" of the alternative reinsurance market other factors are preventing more pension funds from being attracted to the space, fund advisers say.
  • Ariel Re veteran Don Kramer says he hopes to launch the first fund from his start-up ILS Capital Management in time to draw down capital for the mid-year renewals.
  • The industry loss warranty (ILW) market took the brunt of retro softening at 1 January as rates for larger ticket triggers fell, sources said
  • Reinsurers such as Everest and XL have said their expansion into funds management would not cost their existing investors, as analysts quizzed them during the February reporting season on how these moves would affect their business.
  • PCS said the $7.75bn hike to its second loss estimate for Superstorm Sandy was almost entirely based on new market data rather than extrapolated estimates
  • The spotlight is already shining strongly on the highly attractive $3bn Florida market ahead of the 1 June renewals as a series of developments stoke reinsurance demand.
  • Hannover Re reduced its ‘K' quota share by almost six percent when it renewed its retrocession protection at 1 January, although it bought more non-proportional cover, the company disclosed
  • The convergence market has always insisted that it is not in competition with traditional reinsurers
  • PGGM linked to SNS Reaal deal; Hertfordshire fund invests £32mn in ILS; Credit Suisse reduces Sandy loss; Catco's Sandy losses total $140mn
  • A clutch of Florida start-up insurers are expected to be among the sources of new demand for reinsurance cover during the 1 June property catastrophe renewals