-
Catastrophe losses increased $1.5mn quarter over quarter, to $5.5mn.
-
The carrier completed 17 legacy acquisitions and reinsurance deals in 2018.
-
Emmanuel Modu, global head of ILS at AM Best, says Bermuda insurers and ILS managers are increasingly showing interest in rated vehicles.
-
People moves in the industry in the past month.
-
Shortfalls in retro capacity are not impacting all vehicles, said Tangency Capital co-founder Michael Jedraszak.
-
Market participants have welcomed Lloyd’s plans to attract ILS capital but emphasised that cost reductions will be key to making them work. -
The sidecar was established in 2017 to provide support for Hamilton Re’s reinsurance portfolio.
-
Michael Beck was previously chief operating officer of Mt Logan Re.
-
Stone Ridge’s Interval fund has shrunk due to catastrophe events and investor redemptions.
-
The sidecar’s main exposure is European wind risk.
-
Pioneer ILS Interval Fund’s net assets decreased by 8.8 percent to $904.6mn in the three months to 31 January, according to an SEC filing.
-
The vehicle will take a 25 percent quota share of the reinsurer’s property catastrophe portfolio.
