Despite what the firm explains as a "more difficult environment" for fundraising, specialty insurance and reinsurance player Brit Ltd. said it has grown its third-party capital base and added new institutional investors for 2019.Brit's managed third-party investor backed capacity reached $400 million across its Sussex Capital collateralised reinsurance platform, Versutus read the full article →
Articles & news about reinsurance sidecars. Typically fully-collateralized, a reinsurance sidecar is a vehicle which an insurer or reinsurer can segregate a portfolio of risk into, often via a reinsurance quota-share, and allow investors to collateralize it in order to access the reinsurance businesses return.
Reinsurance sidecars are a popular way for investors to access the return of a specific reinsurer or a specific portfolio of risk.
International specialty insurance and reinsurance firm Argo Group retained the overall structure of its reinsurance and retrocession for 2019, including its access to third-party capital from investors for which it is increasingly originating underwriting business.Argo adjusted the capital structure supporting its international reinsurance business at the beginning of 2018, after read the full article →
As global insurance and reinsurance group AXA increases its use of insurance-linked securities (ILS) capacity, the firm will aim to broaden the range of risks that it cedes to investors to include much more than just risks from the legacy XL Catlin portfolio.As we explained recently, AXA plans to further read the full article →
Global reinsurance firm Munich Re has reported that it found conditions at the key January 2019 renewals to be sufficiently attractive to underwrite a portfolio 6.3% larger than the prior year, despite pricing reported as flat.Munich Re reports that pricing was absolutely flat across its reinsurance renewal book at 1/1 read the full article →
The U.S. Federal Emergency Management Agency (FEMA) has renewed its traditional flood reinsurance program to cover the National Flood Insurance Program (NFIP) for 2019 at the slightly smaller size of $1.32 billion.FEMA said that its 2019 NFIP flood reinsurance renewal saw 28 private reinsurers participating in the transfer of risk read the full article →
The United States Congress will again hear a bill in 2019 that calls on lawmakers to codify a requirement for the Federal Emergency Management Agency (FEMA), as the administrator of the U.S. National Flood Insurance Program (NFIP), to utilise reinsurance and capital market risk transfer solutions.Efforts to enshrine in law read the full article →
Bermuda headquartered pure-play reinsurance firm PartnerRe has expanded its third-party capital activities at the renewal, adding a new Torricelli segregated account to its Lorenz Re sidecar vehicle and completing a $67 million quota share with investors.Lorenz Re has been PartnerRe's main collateralised reinsurance sidecar and special purpose insurance vehicle for read the full article →
International specialty insurance and reinsurance firm Argo Group has pre-announced an estimated $32 million of fourth-quarter 2018 catastrophe losses, which the firms third-party capital providers will likely have taken a share of.In addition, Argo has also revealed an expected $12 million of accident year losses to come for the fourth-quarter, read the full article →
Cayman Islands based reinsurance firm Oxbridge Re Ltd. said that its fully collateralized reinsurance sidecar vehicle Oxbridge Re NS Ltd. will support the firms losses from both hurricane Michael and the California wildfires in Q4 2018.Oxbridge Re said that it now expects to suffer a $6 million impact from catastrophe read the full article →
A third protected cell company has been registered and authorised under the UK's Risk Transformation Regulations 2017, Artemis has learned. Fuchsia Capital PCC Ltd. is lined up for use as a UK insurance-linked securities (ILS) vehicle, with the sponsor said to be re/insurer Beazley.Specialist Lloyd’s focused insurance and reinsurance player read the full article →