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  • A US subsidiary of Prudential Financial has closed a $2bn letter of credit deal with a number of banks in the largest life securitisation since the 2008 financial crisis
  • Ratings agency Fitch has placed the Signum 2010 excess mortality securitisation on negative watch in line with its status on the notes' guarantor Goldman Sachs
  • The California Earthquake Authority (CEA) plans to add to its Embarcadero Re cat bond issuance programme with a $300mn transaction in January next year
  • Leading ILS fund manager Nephila has more than tripled its line on the California Earthquake Authority (CEA)'s 2012 reinsurance programme, according to board meeting papers from the authority
  • Bermudian reinsurer PartnerRe's ILS losses have reached $54mn for the first nine months of 2011, making up just under 4 percent of its $1.403bn catastrophe loss total for the period
  • The Validus sidecar AlphaCatRe 2011 wrote $18.8mn of gross premiums during the third quarter, taking its total premiums written to $61.4mn since its start-up in June
  • Scor used just a quarter of its retro protection in the first nine months of the year, but still ceded EUR297mn of cat claims to its retrocessionaires during the period
  • David Einhorn's Greenlight Capital Re reported a $4.5mn net loss for the third quarter, compared to a $29mn net profit for the same period of 2010, as a steep fall in investment income dragged on the results
  • Private cat bond deals are likely to continue, but they do not always save costs for their issuers, broker Willis Capital Markets and Advisory said in a recent report on the ILS market
  • Traders at Execution Noble will hold their tenth annual charity day on 17 November, raising money for local charities in their London home