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  • Industry loss aggregator Perils has estimated an initial insured loss of EUR267mn for windstorm Andrea which swept through Western Europe on 4 January.
  • Liberty Mutual is revisiting the capital markets to renew its cat bond cover through the Mystic Re III offering.
  • Standard & Poor's has lifted the ratings on Flagstone's Montana Re cat bond back to their initial level after the notes were reset at the start of 2012.
  • Nephila Capital has hired ex-Aon Benfield capital markets executive Chris Parish as a portfolio manager.
  • Munich Re has brought a new Queen Street cat bond to market with a $75mn US hurricane and European windstorm offering.
  • Investment manager Catco does not plan on further fundraising into the group's listed investment vehicle Catco Reinsurance Opportunities Fund this year, the company announced in an update today.
  • The insurance industry is becoming increasingly attractive to short-term capital investors as returns from other sectors dwindle, but insurers shouldn't expect this to last, Kiln CEO Charles Franks says
  • The cat bond market missed a chance to grow in 2011 as it failed to compete sufficiently on pricing, Willis Capital Markets & Advisory (WCMA) argues in its latest quarterly update on the market.
  • RenaissanceRe has confirmed that it has launched a new sidecar Upsilon Re, which will target collateralised retrocession business.
  • Moody's has upgraded a $63.9mn tranche of the Vega Capital 2010 cat bond issued by Swiss Re as the agency said the notes were significantly less likely to trigger a year into the transaction.