U.S. primary insurance group FedNat Holding Company has reported $17 million of gross catastrophe losses for the second-quarter of 2019, but does not expect any of the individual events to trigger a reinsurance recovery from its program.
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The Ebola disease outbreak in the DR Congo has been declared a Public Health Emergency of International Concern by the World Heath Organisation (WHO), as it highlights the urgency needed to address the outbreak and stem its travel across borders.
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One tranche of the Blue Halo Re Ltd. (Series 2016-1) catastrophe bond, that was sponsored by Allianz Risk Transfer, a unit of global insurance and reinsurance group Allianz, has now paid out $40 million of its principal on losses.
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The ongoing transformation of the life insurance-linked securities (ILS) sector is driving a shift towards more private, highly customised deal structures designed to provide investors with a truly decorrelated, attractive investment, says Luca Tres, Head of Life at Securis Investment Partners LLP.
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Scott Carmilani is moving into a newly created role at Fairfax Insurance Group to focus on growth and collaboration opportunities across insurance and reinsurance, stepping down from his previous position as CEO of Allied World.
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B3i, the insurance and reinsurance industry initiative that aims to create standardised systems for transacting in reinsurance using a distributed ledger, says that its catastrophe excess-of-loss (XOL) reinsurance placement system is finally ready to be released.
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Eclipse Re Ltd., a special purpose insurance and segregated accounts company that was originally launched by Horseshoe Group and Rewire Securities LLC has issued a $30 million tranche of Eclipse Re Ltd. (Series 2019-03A) private catastrophe bond notes.
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The liquidation and running off of the stock exchange listed Blue Capital Alternative Income Fund insurance and reinsurance linked investment strategy is set to continue into 2020, demonstrating the long process of unwinding collateralised reinsurance contract investments.
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Only 5 of the 33 insurance-linked securities (ILS) funds tracked by ILS Advisers reported positive returns in May 2019, as catastrophe loss creep and cat bond price pressure dented sector returns, resulting in the Index falling to a negative -1.13% for the month.
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Vida Capital, Inc., an alternative asset manager focused on non-correlating investment classes and a joint-venture partner in insurance-linked securities (ILS) asset manager Merion Square Capital LLC, is being acquired.
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Hurricane Barry’s impacts on Louisiana and the surrounding area are expected to result in an insurance and reinsurance market loss of around $300 million, not including any NFIP flood insurance losses, according to Karen Clark & Company (KCC).
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Singapore is acutely aware that it needs to continue to innovate if it is to achieve its goal of becoming a key insurance-linked securities (ILS) hub for the Asia region, as well as to support the widest range of ILS transactions possible.
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Hudson Structured Capital Management Ltd. (doing its insurance investment business as HSCM Bermuda), the insurance-linked securities (ILS), reinsurance and transportation focused investment manager, led a Series B funding round for insurtech Risk Genius.
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Markel Corporation has reached the point where it can put the two lawsuits from the ex-CEO’s of its Markel CATCo Investment Management unit behind it, having agreed terms to settle or close the cases.
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