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This followed a $650mn fall in April, after management change of the fund. -
Lyon joins the reinsurance broker from law firm Skadden, Arps, Slate, Meagher & Flom.
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A total $225mn of fresh limit entered the market across two deals.
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ILS offers efficient capital for underwriters, but casualty ILS transactions are complex.
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The bond will provide protection for storms, quakes and fires in seven US states.
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The bond protects against losses in the US, Canada, Europe and Australia.
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The company also has $100mn for US hurricane events.
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Property cat XoL rates were off by around 10% on average on a blended risk-adjusted basis.
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The index provider revised up its return for March by 0.39 percentage points to 1.21%.
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The Swiss pension fund has not disclosed an ILS allocation before.
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The carrier previously raised a Finca Re cat bond in 2022.
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The company is a wholly owned subsidiary of AmTrust Financial.
