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Allied World gets first cat bond at upsized $210m with reduced pricing

Allied World is now set to secure its first slice of catastrophe bond backed reinsurance protection at the upsized target of $210 million, while the pricing for the 2001 CAT Re Ltd. (Series 2020-1)  transaction has now been fixed at the low-end of initial guidance, we're told. Allied World Assurance Company read the full article →

Allied World lifts target for debut cat bond again to $210m

Having already increased the target size of its first catastrophe bond by one-third, Allied World Assurance Company (AWAC), a global insurance and reinsurance company and part of the Fairfax Financial group, has now lifted the target a little more, with the latest marketed size of the 2001 CAT Re Ltd. read the full article →

Allied World looks to upsize first cat bond by one-third to $200m

Allied World Assurance Company (AWAC), a global insurance and reinsurance company and part of the Fairfax Financial group, aims to increase the size of its first catastrophe bond deal, with the 2001 CAT Re Ltd. (Series 2020-1)  multi-peril issuance now targeting $200 million of reinsurance limit for the company. That's an read the full article →

Allied World sponsoring first cat bond, a $150m 2001 CAT Re deal

Allied World Assurance Company (AWAC), a global insurance and reinsurance company and part of the Fairfax Financial group, is set to sponsor its first ever catastrophe bond, with a $150 million targeted issuance of this new 2001 CAT Re Ltd. (Series 2020-1)  multi-peril transaction. Allied World is seeking retrocessional reinsurance style read the full article →

Aeolus distributions to Allied World up again in 2016

Allied World Assurance Company’s (AWAC) relationship with Aeolus Capital Management Ltd. helped the firm offset a decline in operational cash flows in 2016; with distributions from Aeolus increasing to $406 million while the re/insurer’s commitment to the partnership remained relatively flat. Distributions from AWAC’s relationship with reinsurance linked investment and insurance-linked read the full article →

Elliott closes acquisition of Aeolus controlling interest

Multi-strategy hedge fund manager Elliott Management Corporation has completed its proposed acquisition of a controlling interest in Aeolus Capital Management Ltd., a leading insurance-linked investment manager focused on collateralized property catastrophe reinsurance and retrocession. Elliott, a hedge fund manager with two main strategies and assets under management of around $30 billion, read the full article →

Aeolus controlling stake to be sold to hedge fund Elliott Management Corporation

Aeolus Capital Management Ltd., one of the leading insurance-linked investment managers focused on collateralized property catastrophe reinsurance and retrocession, is getting a new investor as hedge fund Elliott Management Corporation is set to acquire a controlling stake. Aeolus founder Peter Appel and key shareholder Allied World Assurance Company are both selling read the full article →

Aeolus distributions drive cash flow increase at Allied World again

Once again insurance, reinsurance and financial services group Allied World Assurance Company (AWAC) has reported an increase in its operating cash flow for the first-quarter of 2016, thanks to distributions from its relationship with ILS manager Aeolus. Reinsurance linked investment and insurance linked securities (ILS) asset manager Aeolus Capital Management Ltd. read the full article →

Aeolus distributions to Allied World increase, but commitment to shrink

Distributions from its relationship with reinsurance linked investment and insurance linked securities (ILS) manager Aeolus Capital Management Ltd. have again bulked up Allied World's operating cash flow, but the re/insurer is set to reduce its commitment to the partnership in 2016. Insurance, reinsurance and financial services group Allied World Assurance Company read the full article →

Allied World increases capital contribution to Aeolus for 2015

Insurance, reinsurance and financial services group Allied World Assurance Company (AWAC) has increased its capital contribution to reinsurance linked investment and insurance linked securities (ILS) manager Aeolus Capital Management Ltd. for 2015. AWAC purchased a minority stake in Aeolus, the Bermuda-based of third-party capital manager that invests in property catastrophe reinsurance and read the full article →