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Mt Logan’s Q3 loss ratio improved by 44.2 points to 11.5% for the quarter.
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Pre-tax income at the vehicle was $30mn in the first nine months of 2025.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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Competition on price from traditional markets is weighing on bond market momentum.
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The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
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The capital will provide retro cover for life-focused reinsurer Fortitude Re.
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Investor interest is warming up following a colder spell over the past several years.
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Key topics include private ILS growth prospects and the longevity of longtail interest.
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A cat-focused vehicle is “the missing piece” of Hannover Re’s ILS offerings, said Silke Sehm.
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It is understood around $1bn of premiums could be ceded to the proposed vehicle.
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The Bermuda reinsurer has been active in ILS since launching in 2007.
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The sidecar will support five programs providing specialty frequency coverages.
