Archive for April, 2014

Blue Capital Reinsurance Holdings Ltd. (BCRH), the exchange listed fully-collateralized reinsurance subsidiary of Bermuda reinsurer Montpelier Re, has reported a strong result for its first full quarter of operations.

The world’s largest reinsurance company Munich Re is expecting its first quarter profits to be down approximately 7% year on year, with the reduction in reinsurance rates and pricing the key factor showing that even the largest players are not immune the competitive market.

The London Stock Exchange listed, Montpelier Re operated, insurance linked investment fund the Blue Capital Global Reinsurance Fund, has issued more shares to investors to take advantage of demand.

The average returns of insurance-linked securities (ILS), reinsurance linked investment and pure catastrophe bond funds were up 0.46% for March 2014, taking the ILS fund sectors run of positive months to 17, according to the latest data from the Eurekahedge ILS Advisers Index.

Bermuda-based reinsurance and third-party capital management specialists RenaissanceRe has given a clear example in its results of the increasing move by property catastrophe focused reinsurers to grow their business using specialty lines.

Rating agency Standard & Poor’s said that reinsurance companies in Bermuda would be experiencing fierce competition even without the influx of third-party capital, but the addition of a growing pool of capital markets money is adding fuel to the fire.

A new report from the Asian Development Bank (ADB) highlights that Asia is lagging behind the rest of the world when it comes to developing insurance, reinsurance and capital market solutions which enable workable disaster risk transfer markets.

The issuance of Assicurazioni Generali S.p.A.’s first catastrophe bond Lion I Re Limited actually saw five new firsts for the cat bond market. The successful completion of this transaction could help to open the cat bond market to more sponsors in future.

Hamilton Insurance Group, the holding company for Bermudian asset management backed reinsurer Hamilton Re, announced three promotions at the reinsurer yesterday, including the promotion of Kathleen Reardon to CEO of Hamilton Re.

Bermuda based reinsurance firm Everest Re raised additional capital for its Mt. Logan Re fully-collateralized reinsurance sidecar, taking it to over $400m in capacity at the April reinsurance renewals.