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CEA issues second $150mn quake bond
The California Earthquake Authority (CEA) has launched a sequel to its August debut cat bond, seeking $150mn from the latest Embarcadero Re transaction.
20 January 2012
$2bn Q4 issuance drives secondary trading
The secondary ILS market had a strong trading quarter in the fourth quarter of 2011, buoyed by strong new issuance on the primary market, broker Aon Benfield Securities says in its latest market review.
19 January 2012
Trading Risk Market Survey 2012
It's a bright forecast for 2012 as the annual Trading Risk Market Survey showed the convergence industry expects to continue to benefit from new investor inflows, rising pressure on property catastrophe rates and regulatory change.
19 January 2012
Convergence exec Cavanagh promoted to Willis Re CEO
Willis has promoted convergence market pioneer John Cavanagh to chief executive of the broker's reinsurance arm Willis Re
19 January 2012
Twelve Capital in private bank ILS tie-up
Swiss-based alternative investor Twelve Capital has expanded its partnership with Bank Sarasin to sell a new ILS fund
19 January 2012
Clariden Leu re-opens cat bond fund
Major cat fund manager Clariden Leu has re-opened its flagship Cat Bond Fund to new capital inflows, seven months after closing its doors in May last year in the face of weak ILS issuance
19 January 2012
ILS investor base broadens
The ILS market continues to grow its investor base, drawing in a wider, more geographically balanced pool of investors, Swiss Re says in its annual review of the market
19 January 2012
Catco deploys $1.25bn; quake pocket remains open
Collateralised reinsurer Catco deployed $1.25bn of retrocession capacity in the 1 January renewals through its Master Fund, according to a stock exchange announcement
19 January 2012
Oregon win for Nephila
Leading ILS fund manager Nephila Capital won a $100mn mandate from an Oregon state pension fund, taking it near the $5bn assets under management mark
19 January 2012
CSAM reaches $4.4bn AuM
Credit Suisse Asset Management (CSAM) has reached $4.4bn insurance-linked assets under management and launched a number of new funds targeting less liquid investments, Trading Risk can reveal
19 January 2012
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