-
Assets under management at the sidecar rose 12.5% year-on-year to $900mn by the start of 2021
-
This came as Everest Re fell to a $44mn underwriting loss on a pre-reported prior-year reserve charge. -
One estimate suggested around $2bn of new capacity in private deals.
-
RenRe boosted its stake in DaVinci to 29% after buying $119mn of shares from third parties.
-
The company expects reinsurance to provide 78% of its $2.5bn gross written premium target.
-
The retro and specialty vehicle launch comes as PartnerRe expands in retro and ILS.
-
The new capacity for the sidecar first launched in 2019 will be invested solely in EBRD bonds.
-
The reinsurer raised $16mn from a new sidecar issuance.
-
Affirmative cyber risks could be the next systemic risk the ILS market takes on, the executive suggests.
-
The total value of Eden Re has fallen 17% compared with 2020.
-
The vehicle is the first sidecar launched in Singapore and will cover regional risks.
-
Net assets across the manager’s interval and high-yield reinsurance funds totalled $3.82bn at 31 October, down 31% from a year earlier.
