Archive for April, 2014

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Blue Capital Re reports strong first full quarter results

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.Blue Capital Re is rather a unique model in the insurance linked investment space, offering collateralized reinsurance in the property catastrophe market read the full article →

Munich Re’s Q1 profits expected to fall on lower reinsurance prices

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.Munich Re intends to focus increasingly on read the full article →

Blue Capital Global Reinsurance Fund issues $6.91m new shares

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.According to a London Stock Exchange filing made this morning, the Blue Capital Management managed fund has issued 6,489,615 new ordinary read the full article →

Average ILS fund return up 0.46% in March, hit 17 positive months

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.March was actually an above average months return read the full article →

RenRe feels catastrophe reinsurance price pressure, expands specialty

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.RenaissanceRe has reported gross premiums written of $705.3m in the first quarter of 2014, up $69.8m, or 11.0% read the full article →

Third-party capital adds fuel to fire for Bermuda reinsurers: S&P

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.The comments come in S&P's latest report on the Bermuda reinsurance read the full article →

Asia lags on reinsurance, capital market solutions to disaster risk

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 Asia-Pacific region remains significantly underinsured for catastrophe risks, according to the report. read the full article →

Generali’s Lion I Re catastrophe bond sees five firsts for the market

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.The Lion I Re cat bond is not the read the full article →

Hamilton Re promotes three. Kathleen Reardon becomes CEO

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.CEO of Hamilton Insurance Group Brian Duperreault announced that Kathleen Reardon had been promoted to Chief Executive Officer of read the full article →

Everest Re grows Mt. Logan Re sidecar to $400m at April renewal

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.At the start of this year Everest Re lifted its Mt. Logan Re sidecar to $370m of capacity, with $314.5m sourced from read the full article →