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Aspen to switch quota shares from Silverton to Peregrine

Bermudian insurance, reinsurance and growing third-party capital manager Aspen Insurance Holdings Limited, is changing the way it deals with sidecar style quota shares, which will see it stop using its Silverton Re sidecar and moving quota share support to cells of its other vehicle Peregrine Re.Aspen launched its Silverton Re read the full article →

Aspen expands capital market activities with Peregrine Re

Aspen Insurance Holdings has expanded its capital markets activities through its Peregrine Reinsurance Ltd. vehicle recently, utilising it for segregated account re/insurance deals for a broader range of risks, backed by third-party investors.Aspen has a dedicated unit that operates as an insurance-linked securities (ILS) investment manager, Aspen Capital Markets. In read the full article →

Silverton Re sidecar renewed at $130m by Aspen Re

Aspen Reinsurance has renewed its Silverton Re collateralised reinsurance sidecar at a size of $130 million for the 2017 underwriting year, a slight upsizing from the prior year and with its own $25 million contribution remaining steady.Insurance and reinsurance group Aspen has been regularly bringing its Silverton Re Bermuda-domiciled sidecar read the full article →

Aspen writes more property cat risk through Capital Markets unit

Insurance and reinsurance group Aspen has shifted more of its property catastrophe reinsurance underwriting over to third-party capital managed in its alternative capital management and insurance-linked securities (ILS) unit, Aspen Capital Markets, according to executives at the firm.As the property catastrophe reinsurance market softening has continued at the most recent read the full article →

Aspen renews Silverton Re sidecar at upsized $125m for 2016

Aspen Reinsurance said that its alternative capital management and insurance-linked securities (ILS) unit, Aspen Capital Markets, has renewed its collateralized reinsurance sidecar Silverton Re with $125 million of capital for the 2016 underwriting year.Global insurance and reinsurance firm Aspen has been steadily increasing the size of its Silverton Re reinsurance read the full article →

Silverton Re sidecar investors benefit from $8m income in Q3 2015

Third-party investors in global re/insurance firm Aspen’s collateralized reinsurance sidecar Silverton Re benefited from $8 million of income that flowed through to them from the vehicle thanks to a "relatively benign cat experience" in Q3 of 2015.Despite the declines in reinsurance rates and pricing, collateralized sidecar investments have been returning read the full article →