-
Axis has established a new class 3A Bermudian reinsurer, Axis Ventures Re, as well as a management company, Axis Ventures, according to the latest registration statistics from the Bermuda Monetary Authority.
-
The profile of the alternative reinsurance market has significantly reshaped in 2013, according to Swiss Re statistics.
-
Bermudian fund manager Aeolus expects to deploy about $200mn-$300mn in the January renewals via its new high-layer aggregate product Spire, Trading Risk understands.
-
Hedge fund Two Sigma Investments will take over as investment manager for SAC Re's assets after a sale deal was agreed for the Class 4 Bermudian reinsurer, sister publication The Insurance Insider reported
-
Aspen Re has officially launched its first $65mn sidecar Silverton Re, confirming a development revealed by Trading Risk in late October.
-
Swiss Re estimates that demand for natural catastrophe cover is set to increase by 50 percent in mature markets and 100 percent in high-growth markets over the period to 2020.
-
Everest Re's sidecar Mt Logan Re has appointed David Whiting as chief underwriting officer.
-
Former CIG Re and New Castle Re founder Chris McKeown has been appointed CEO of New Ocean Capital Management, the investment management company set up by XL and Stone Point Capital earlier this year.
-
BNY Mellon has forecast that total outstanding cat bonds in the market will more than double from the current level of $19bn to $50bn by the end of 2018, with the entire convergence sector trebling in size.
-
Reinsurers should take advantage of alternative market capacity but it is possible to "survive nicely" in the industry without managing third-party capital, Validus CEO Ed Noonan said today in a panel discussion at the 2013 Bermuda Reinsurance Conference, hosted by Standard & Poor's and PwC.
-
RenaissanceRe's DaVinci Re sidecar made a $65.2mn profit during the third quarter of 2013, down 12 percent from the $74.2mn reported in the same period last year.
-
AlphaCat Managers reported an $11.9mn underwriting profit for the third quarter, down from $27.6mn for the same period last year, due partly to the fact that the reinsurer did not renew its Florida sidecar.
