• X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Free trial
  • Log in

Sidecars

  • Lancashire expects to be managing $500mn of limit through its Kinesis sidecar by the 1 January 2015 renewals, double what it had at January 2014, a spokesman for the firm said.
  • Debt held by investors in Aspen's Silverton Re vehicle was worth $56mn by the end of June, up 12 percent from $50mn at the end of 2013.
  • Everest Re wrote 16 percent more reinsurance premiums in the second quarter of 2014 than last year as the expansive firm's Mt Logan Re sidecar began taking on business.
  • Stone Ridge's fleet of public sidecar investments have generated average returns of 3.8 percent over the first four months of 2014, its latest semi-annual report shows.
  • Stone Ridge Asset Management lifted assets under management in its three ILS funds to $1.795bn as of the end of April, from $1.47bn three months earlier, the manager's latest half-year reports show.
  • As regulators continue to build the legal edifice of Solvency II, the European Insurance and Occupational Pensions Authority (Eiopa) has released new guidelines on basis risk and risk mitigation.
  • Traditional reinsurance carriers have provided most of the $1bn growth in capacity for retrocession products over the past year, Aon Benfield Global Re Specialty chairman Piers Cantlay said at a Guernsey ILS Insight event hosted in Zurich in July.
  • The ILS market should look beyond cat for its growth, Secquaero Advisors chairman and managing partner Dirk Lohmann said at the Trading Risk London Executive Briefing in June.
  • Enstar has become the latest potential candidate for launching an investment-focused reinsurer, but panellists at a recent Trading Risk event warned that there will be tests ahead for this business model as new US proposals on their tax treatment are considered.
  • After its largest ever quarter, the ILS market could see $8bn-$9bn of new non-life issuance in 2014, Willis Capital Markets & Advisory (WCMA) said in its latest report on the market.
  • Legacy specialist Enstar is looking to build on its expanding presence in the live underwriting market by setting up an investment-focused reinsurer, sister publication The Insurance Insider has reported.
  • Retrocession rates softened further in the mid-year renewals, though the pressure was less acute than in January, as ILW trading volumes increased in response to attractive pricing, Willis Re said.
Responsive Advert Banner