-
Everest Re's Mt Logan sidecar posted a 70 percent increase in underwriting profits to $124.1mn for 2015, as it benefited from a 50 percent rise in net earned premium income.
-
Hannover Re has extended its K quota share sidecar by about $100mn for 2016, the reinsurer said in a January renewals update today (3 February)
-
RenaissanceRe sidecar DaVinci Re reported a $144mn profit for 2015, down 28 percent compared to its 2014 result due to higher claims and a 9 percent drop in net earned premium income.
-
AlphaCat wrote $168.5mn of gross premium in the January 2016 renewals, up 67 percent from a year earlier, as its US property book overtook that of Validus Re.
-
The ILS market remains on track for continued growth in 2016, despite cat bond spreads becoming marginally less competitive than other reinsurance options last year, according to a report from Willis Capital Markets & Advisory (WCMA).
-
Sidecar returns remained in the mid-to-high teens on an annualised basis in 2015, although softening was still apparent.
-
The January reinsurance renewals saw diverging outcomes for the US and non-US markets, as Guy Carpenter's global property catastrophe rate-on-line index fell 8.8 percent from a year earlier.
-
Brit and Aspen have confirmed that they expanded their sidecar vehicles in the January renewals.
-
ILS brokers have estimated that cat bond issuance may total $7.0bn for 2016, lowering their sights from the $7.8bn forecast for 2015 last January.
-
The top 10 ILS funds have grown their assets under management (AuM) by 4 percent from six months earlier and 7 percent from January 2015, according to the latest Trading Risk investor survey.
-
Brit has increased the capacity of its Versutus sidecar by 10 percent to $82.5mn at its first renewal, it announced today (13 January).
-
Validus has announced that assets under management (AuM) at its third-party capital platform AlphaCat Managers reached $2.4bn as of 1 January, more than 70 percent higher than at the same point a year ago.
