Alturas Re Ltd


AXIS’ Alturas Re sidecar issues almost 3.63m of preferred shares

AXIS Capital's collateralised reinsurance sidecar vehicle Alturas Re Ltd. has completed another issuance of preferred shares, as the specialist global re/insurer continues to expand options for third-party investors to participate in its underwriting returns through quota shares. AXIS continues to expand its insurance-linked securities (ILS) activities, especially its use of private read the full article →

AXIS’ sidecar Alturas Re makes 3,628 preferred share issuance & listing

The Alturas Re Ltd. collateralised reinsurance sidecar vehicle of global specialist re/insurer AXIS Capital has completed a new issuance of 3,628 preferred shares, meaning options for third-party investors to access the returns of AXIS' underwriting business seemingly expand. AXIS has been expanding its insurance-linked securities (ILS) activities, particularly in private quota read the full article →

AXIS sets $235m loss reserve for Covid-19, largely from property lines

AXIS Capital, the Bermuda headquartered specialty insurance and reinsurance company, has revealed an expectation that the Covid-19 pandemic will drive some $235 million of losses, the majority of which will be in its property book. AXIS Capital gave a preview of the expected first-quarter hit to earnings from catastrophe events and read the full article →

AXIS’ third-party capital from ILS investors shrank in 2019

Despite the fact AXIS Capital significantly increased its fee income earned from third-party capital sources in 2019, the firms assets from ILS style investors shrank over the course of the year and the company began 2020 with less of this type of investor capital than a year earlier. Bermuda-based specialist insurance read the full article →

AXIS adds $47.25m of insurance risks to Alturas sidecar for 2020

Global specialist re/insurer AXIS Capital has added another layer to its Alturas Re collateralised sidecar issuance for 2020, with $47.25 million of what look like property catastrophe insurance linked notes issued in two tranches. At the end of 2019 we reported that AXIS Capital had issued $64.14 million of notes in read the full article →

AXIS issues $64.14m Alturas collateralised sidecar tranche for 2020

AXIS Capital, the global specialist re/insurer headquartered in Bermuda, has issued a first tranche of notes from its collateralised reinsurance sidecar vehicle Alturas Re Ltd. for 2020, sponsoring a $64.14 million issuance to expand on the collateralised quota share arrangement. AXIS Capital’s Alturas Re reinsurance sidecar issued $169 million of notes read the full article →

AXIS names Global Treasurer, to assist on Risk Funding & strategic capital partners

AXIS Capital Holdings, the Bermuda domiciled specialty insurance and global reinsurance firm, has promoted Martin McCarty to the role of Global Treasurer, which will see him assist the Risk Funding unit and the firm's growing strategic capital partners pool of investors. AXIS lifted the amount of third-party reinsurance capital assets under read the full article →

ILS & third-party capital are disciplined participants: AXIS CEO Benchimol

Insurance-linked securities (ILS) investors and third-party capital providers are "disciplined participants" in the global insurance and reinsurance market, according to AXIS Capital CEO Albert Benchimol. There is no doubt that the ILS market and third-party sources of reinsurance capital have been "stressed" by the catastrophe losses of the last few years, read the full article →

AXIS Capital lifts third-party capital assets managed to $2.1 billion

Bermuda headquartered insurance and reinsurance firm AXIS Capital Holdings Limited has lifted the amount of third-party capital assets under its management to a new high at $2.1 billion. AXIS Capital’s third-party capital management business has continued to steadily build, with the insurance and reinsurance firm using an increasing amount of quota read the full article →

AXIS Re hires Busti as President NA, names Romeo Head of Property Bermuda

Axis Re, the reinsurance arm of global re/insurer AXIS Capital Holdings Limited, has hired Jason Busti from Swiss Re and appointed him as its new President, North America. Busti fills a hole left in the AXIS Re leadership team in the United States, after Jon Colello left the firm to move read the full article →