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  • I'm too young to remember the infamous London smogs of the 1950s, or pea-soupers, as the impregnable clouds of coal, industrial emissions and Thames-borne fog were nicknamed.
  • The recent influx of pension fund capital into the insurance-linked sector is likely to put further pressure on US wind cat bond spreads this season, taking pricing near to or below traditional reinsurance.
  • The ILS market may see Australian and New Zealand earthquake bonds as soon as this July, as Antipodean insurers consider including cat bonds in their reinsurance renewals, Trading Risk has learned.
  • Amlin has upped its investment in ILS funds managed by Leadenhall Capital Partners to $111.9mn in 2010, the Lloyd's insurer reported in its annual results released on 2 March.
  • Almost $50mn of additional "cold-spot" industry loss warranties (ILWs) have traded in 2011 in the wake of losses in Australia and New Zealand, Trading Risk has learned.
  • US insurer Chubb's fourth East Lane Re cat bond more than doubled in size in marketing to close at $475mn, Trading Risk can reveal.
  • German-based reinsurer Munich Re is seeking to raise $100mn from the issue of multi-peril cat bond Queen Street II Capital.
  • Weather insurance provider Weatherbill has raised $42mn from venture capitalists and signed up Khosla Ventures and Google Ventures as new backers to support its expansion.
  • European loss aggregator Perils increased its final insured loss estimate for Windstorm Xynthia to EUR1.32bn.
  • Veteran trader Dan Madison has left Bank of America Merrill Lynch (BAML), where he brokered a large portion of secondary cat bond trading, Trading Risk can reveal.