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  • French reinsurer Scor has closed a three-year contingent capital deal with Swiss bank UBS, in a move that would grant the firm EUR150mn of post-cat event equity.
  • Cat bond fund managers may have oversold what the sector can deliver to institutional investors, according to some presenters at Wednesday's Standard & Poor's ILS conference held in London.
  • Former reinsurance broker Tony Belisle has secured a draw-down facility of more than $1bn from institutional investors to launch a collateralised reinsurance cat fund on Bermuda.
  • Cat bond sales may struggle to reach $4bn this year in the absence of a major disaster, Standard & Poor's (S&P) analyst Dennis Sugrue said at a conference in London today (8 September).
  • ILS fund manager Secquaero Advisors has signed a deal with Australian boutique advisor Plus Capital to market its funds, joining the line-up of ILS managers keen to take advantage of the sophisticated institutional investment scene in Australia.
  • Damages from Hurricane Earl to the northeastern US are expected to be less than $400mn, according to forecasts from modelling firm Eqecat.
  • Aon Benfield's deputy CEO of Global ReSpeciality, Daniel Burrows, discusses how capital markets have helped to mould the shape of today's retro market.
  • As if hedging against Mother Nature wasn't a tricky enough business, weather derivatives dealers have been hard hit by the global market turbulence over the past two years.
  • Swiss Re traders Patti Guatteri and Mitchell Mintz walk us through the opportunities for trading (re)insurance risk during a live storm
  • Fellow Bermudian Platinum Underwriters confirmed it bought a $65mn ILW in an earnings conference call, saying both hurricane forecasts and capital management reasons drove the purchase.