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  • Bermudian ILS fund manager Juniperus Capital will rebrand as Pillar Capital Management under the leadership of new CEO Chris McKeown, the company is set to announce today.
  • US primary insurer Travelers is seeking to raise $150mn from a new issuance of its Longpoint Re cat bond series in what will be its first indemnity deal with the capital markets, Trading Risk understands.
  • The start-up team explain how they are aiming to distinguish their model and where they think the ILS market should be diversifying
  • Charles Collis and Michael Frith from Conyers Dill & Pearman look at the moving currents of "hard-wired" ILS structures
  • Most reinsurers are still talking up the mid-year US property cat market and insisting that the 10-15 percent rate increases seen at 1 January can be replicated, but the first cracks in the façade of market confidence have become apparent
  • Industry investors said recent reinsurer start-ups such as Third Point Re and PaCRe might work for their hedge fund backers but questioned the rationale for other investors, speaking at an event hosted by sister publication The Insurance Insider this month
  • Top legal experts in the ILS sector have been forced to switch law firms as Dewey & LeBoeuf, a former leader in the capital reinsurance markets, looks set to shut down
  • The US Jobs Act provision set to lift the ban on advertising for certain private placement offerings is on track for full enforcement by the US securities regulator on 4 July, according to insurance legal expert Michael Madigan
  • Industry losses from the Costa Concordia disaster are set to rise past the $1bn mark, putting marine industry loss warranties (ILWs) at risk of paying out
  • Tornado losses have reached $3.48bn for the 2012 season to date, including one $1bn+ event, Trading Risk understands