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The deal freed up capital held against deals written in 2019 and 2020.
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The sponsor has kept $25mn of principal in extension for any further loss development.
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The ILS industry offered 11 points of merit that justify cat bonds being eligible for UCITS funds.
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The denial followed this publication’s report that Covéa had renewed its intentions to buy the reinsurer.
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Kin’s reinsurance structuring means the bond’s losses will be kept to a minimum.
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In an amended complaint, the ILS manager claims A-Cap has exerted control beyond its equity interests.
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The mutual’s approach comes as Scor continues efforts to fight back from performance issues including a flare-up in L&H.
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AI’s ability to analyse vast datasets will help in matching risk to capital.
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He will be based in the Bermuda office and work to develop the underwriting associates.
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Most of the ILS capital was attracted to the cat bond market.
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Demand for peak peril retro increased significantly in Q2 2024.
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ILS brokers are pitching for Sanders Re and ResRe transactions.