Trading Risk January 2018
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PartnerRe has named Greg Haft as deputy CEO for specialty lines. He will work with company CEO Emmanuel Clarke, who has assumed direct responsibility for the segment.
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MS Amlin's chief underwriting officer Simon Beale will take over as the company's new CEO following the retirement of Charles Philipps in April
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Chaucer has appointed Jerome Faure as an independent non-executive director of Chaucer Syndicates, its managing agency and main operating company
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XL Catlin has reshuffled several roles after forming a partnership with private investment firm Gallatin Point Capital LLC in a bid to expand its alternative capital capabilities
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Validus has reorganised its senior management team as part of a strategic move to promote closer collaboration between units including specialty insurer Talbot, US insurer Western World and asset management operation AlphaCat
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Luca Tres, head of life at Securis, says the life ILS sector needs to steer clear of leveraged asset plays, which could fail if the wider markets collapse
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A smooth reloading of ILS capital and a glut of capacity contributed to catastrophe reinsurance rates rising by less than reinsurers had pushed for following last year's losses, brokers said in early post-renewals reports
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The momentum for retro rate increases at the January renewals slowed at the end of last year, sources said, as lack of new demand and a smooth reload of lost capital meant increases fell short of expectations
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There was a fresh surge of reinsurer sidecar launches during the January renewals, in a signal that further carriers are belatedly recognising the value of managing third-party capital
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A group of sidecars tracked by Trading Risk took losses of 13.0 percent on average between July and October as the fallout from hurricanes Harvey, Irma and Maria took its toll
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Sequant Re; First Republic; Private equity buy-up; PGGM's Leo expansion
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There was a wide spread of returns among cat bond fund managers in 2017, with a small average loss of 0.44 percent recorded for the year