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There was a fresh surge of reinsurer sidecar launches during the January renewals, in a signal that further carriers are belatedly recognising the value of managing third-party capital
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There was a fresh surge of reinsurer sidecar launches during the January renewals, in a signal that further carriers are belatedly recognising the value of managing third-party capital
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A group of sidecars tracked by Trading Risk took losses of 13.0 percent on average between July and October as the fallout from hurricanes Harvey, Irma and Maria took its toll
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The recent launch of Lumen Re means the top three ILS fund managers now have in-house access to rated paper, highlighting the continuing convergence of the ILS and reinsurance markets
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Private wealth advisory firm First Republic Securities has set up and raised $77.7mn for a new reinsurance fund, according to US SEC filings
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Hannover Re said it had expanded its K quota share and multi-territory aggregate cover in the January renewals, adding that average rates had gone up "slightly".
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Stone Ridge's two reinsurance funds reported losses of 4.85 percent and 9.00 percent respectively in its financial year ending 31 October 2017, according to the manager's latest annual report
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Run-off specialist Armour has been bought by private equity house Aquiline, sister publication The Insurance Insider has reported
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Pioneer's ILS Interval Fund reported a loss of 4.95 percent for the year ended 31 October, as its sidecar investments took losses of between 2 and 25 percent following 2017 catastrophe events.
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Lloyd's (re)insurer Neon has received the green light from the Prudential Regulation Authority (PRA) to establish a sidecar and will now become the first carrier to use the new UK ILS framework
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XL Catlin has formed a partnership with private investment firm Gallatin Point Capital LLC as part of a move to expand its alternative capital capabilities, Trading Risk understands
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LGT ILS Partners has transformed Bermudian reinsurance vehicle Collateralised Re into a rated entity called Lumen Re which has been assigned an insurer financial strength rating of "A" by AM Best
