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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 →

Aspen’s Silverton Re reinsurance sidecar notes add 11% in Q3

Global insurance and reinsurance firm Aspen’s collateralized reinsurance sidecar Silverton Re has seen the value of its long-term debt, which was issued to third-party investors, grow by approximately 11% in Q3 2015, from $76.2 million to $84.5 million. Aspen renewed the Silverton Re collateralized reinsurance sidecar for 2015, raising $70 million read the full article →

Aspen’s Silverton Re reinsurance sidecar notes up 7.8% in first-half

Global re/insurer Aspen’s collateralized reinsurance sidecar vehicle Silverton Re has seen its long-term debt, which was issued to third-party investors, increase in value from $70.7m at the start of the year to $76.2m at 30th June, a 7.8% increase. Aspen renewed its Silverton Re collateralized reinsurance sidecar for 2015 at the read the full article →

Property cat reinsurance “not as much fun as it was”, says Aspen CEO

With the current softened state of reinsurance rates and competitive pressures from well-capitalised reinsurers and growing insurance-linked securities players, the property catastrophe reinsurance market is "not as much fun as it was," according to Aspen CEO Chris O'Kane. The property catastrophe reinsurance space has become the peak zone of competition and read the full article →

Aspen cedes U.S. insurance to investors, hits $185m third-party AuM

Global insurance and reinsurance firm Aspen ceded a portion of its U.S. insurance business to third-party investors in its Aspen Capital Markets unit for the first time recently, while growing its third-party capital assets under management to $185m by the end of 2014. Aspen has been slowly developing its insurance-linked securities read the full article →

Aspen feels competition, to expand use of third-party capital

Global re/insurance firm Aspen felt the competition in reinsurance during 2014, forcing it to remain disciplined and non-renew some business at 1/1, but it expects to expand on its Aspen Capital Markets offerings and leverage its access to third-party capital in 2015. There's a bit of a trend emerging through the read the full article →