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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’s third-party capital AuM grew to $550 million in 2017

Bermudian insurer and reinsurer, Aspen Insurance Holdings Limited, announced during its Q4 2017 earnings call that it grew its third-party capital assets under management (AuM) by more than 20% in 2017, taking the total to $550 million.In fact, Aspen told Artemis that as well as its third-party reinsurance capital AuM read the full article →

Aspen takes $135m California wildfire loss, $245m underwriting loss in Q4

Insurance and reinsurance group Aspen Insurance Holdings Limited has reported a $245 million underwriting loss for the fourth-quarter of 2017, the majority of which is made up of a $135 million hit, after reinsurance, from the California wildfires, while the rest is due to mid-sized and attritional losses.The $135 million read the full article →

Aspen eyes further growth of Silverton Re sidecar in 2018

Insurer and reinsurer Aspen Insurance Holdings plans to grow the size of its Bermuda-based collateralized reinsurance sidecar, Silverton Re, so long as pricing in the global P&C industry reacts to recent catastrophe losses as the firm anticipates.Since its launch in December 2013, Aspen has been slowly increasing the size of read the full article →

Aspen puts Q3 cat loss at $360m, largely from reinsurance segment

Aspen Insurance Holdings Limited has published its estimate of third-quarter 2017 catastrophe losses, with $360 million of impact expected from events including hurricanes Harvey, Irma and Maria. The majority of these losses come from Aspen's reinsurance business segment.Aspen estimates that $110 million of the loss will be from Hurricane Harvey, 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 →