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  • LGT Capital Partners has won a £280mn mandate from the Hertfordshire County Council in one of the largest alternative investment mandates ever awarded by a UK local authority pension fund
  • Bermudian regulator the Bermuda Monetary Authority (BMA) registered 27 new special purpose insurers (SPIs) in 2012, up 17 percent from the 23 recorded in 2011
  • The $80mn class V- X4 notes of the Successor X (2011-3) cat bond are within a fraction of triggering following today's update of the PCS industry loss estimate for Superstorm Sandy, Trading Risk understands.
  • PCS has significantly increased its industry loss estimate for Hurricane Sandy to $18.75bn, Trading Risk understands.
  • Swiss Re and three Japanese insurers - Sompo Japan Insurance, Mitsui Sumitomo Insurance, Tokio Marine & Nichido Fire Insurance - have been selected to provide capacity for a new World Bank-sponsored scheme that will provide disaster cover for Pacific Island nations.
  • Listed ILS fund DCG Iris said it delivered total returns of 1.88 percent in its first half-year of operations from April 2012 to the end of November
  • Munich Re said the ILS market will offer excellent placement conditions for diversifying perils in 2013 as specialist investors' return hurdles for such bonds have lowered significantly over the past three years
  • Segregated accounts companies (SACs) and special purpose insurers (SPIs) have been a considerable boon to Bermuda's insurance industry, but are they being used to their full potential? Appleby's Tim Faries and Brad Adderley look at the options
  • The convergence industry expects another rosy year according to the annual Trading Risk Market Survey, with investor inflows forecast to continue their momentum in 2013
  • US property catastrophe pricing was roughly flat at 1 January as the recent losses from Sandy and ample capacity pulled the market in different directions, according to reinsurance brokers Guy Carpenter and Willis