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  • Hannover Re's $329mn K6 sidecar will cover one-third of the firm's catastrophe-related gross losses from the New Zealand earthquakes, which means it could bear a hit of up to EUR125.5mn.
  • Swiss-listed investment manager GAM has launched a new cat bond fund to be managed by leading ILS investor Fermat Capital Management.
  • Global reinsurer Hannover Re says it expects the first longevity swap from outside the UK will close in the first half of the year as interest from international pension funds in Denmark, the Netherlands, Canada and South Africa grows.  
  • Investors and arrangers are increasingly interested in life settlements investments, ratings agency Standard & Poor's says, adding that it has received several requests to rate securitisations in this sector over the past year.
  • Alabama-based Protective Life Insurance completed a triple-X securitisation deal at the end of 2010 to make it a double act for the firm in 2010 with investment bank UBS.
  • Where is capital coming from in the convergence market? Trading Risk has a go at finding the source of funds...
  • Cat bonds did not perform as strongly last year as in the heady days of 2009, but Swiss Re said the results showed the market had fully recovered from the financial crisis.
  • International (re)insurers are now facing a loss bill of $12bn as the scale of the devastation in Christchurch, New Zealand became apparent last month.
  • Is the recent spate of costly earthquakes a deadly trend or just coincidence?
  • Weatherbill raises $42mn for expansion; CME asks for time on Dodd-Frank rules; ‘Massive' life settlement fraud case heads to court