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Fitch discusses potential of hybrid reinsurance start-up Watford Re

In its recently published alternative reinsurance market update, Fitch Ratings highlights potential concerns over recently formed casualty risk focused part-sidecar, part-third-party capital vehicle, part-hedge fund strategy reinsurer Watford Re.Watford Re, which is backed by part-owner insurance and reinsurance firm Arch Capital Group, with third-party capital investors also providing backing and read the full article →

Watford Re: Capital raised, to start reinsurance operations shortly

An announcement from Watford Holdings Ltd. and its wholly-owned reinsurance subsidiary Watford Re Ltd. says that the much-discussed casualty focused, third-party capital backed reinsurer is set to start underwriting shortly.The announcement says that Watford Re, a multi-line Bermuda domiciled reinsurer, has now raised capital and expects to commence its reinsurance read the full article →

Watford Re, not your typical third-party reinsurance capital play

The recently announced plans of Bermuda-based insurance and reinsurance group Arch Capital and investment management firm Highbridge Capital to launch a third-party capital backed venture named Watford Re are an interesting take on the trend.Many reinsurers are dipping their toes into insurance linked investment management with the launch of third-party read the full article →

Capital creates competition in casualty reinsurance, where next?

The casualty reinsurance market is becoming more competitive and one of the main reasons is the flow of new capital, including third-party or alternative reinsurance capital, into property reinsurance, which is pushing reinsurers to look elsewhere for profits.The latest evidence to this effect comes from a professional liability focused insurer. read the full article →

Property/casualty insurers underwriting losses grew in Q1

Net underwriting losses for U.S. property/casualty insurers grew to $4.5 billion in Q1 2011 from $1.8 billion a year earlier as their combined ratio deteriorated to 103.3% according to figures from the ISO and the Property Casualty Insurers Association of America (PCI).Insurers who operate outside the U.S. were hit by read the full article →