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Aspen’s Silverton Re sidecar nears $80m as third-party value grows

Global insurance and reinsurance firm Aspen’s collateralized reinsurance sidecar vehicle Silverton Re has increased the value of its long-term debt, which was issued to third-party investors, to $64.5m which is up 15% in the third-quarter.Added to the $15m of Aspen's capital which it contributed to the Silverton Re sidecar at read the full article →

Aspen Capital Markets a growth area. Third-party funds now $135m

Chris O'Kane, CEO of global insurance and reinsurance firm Aspen, said that the company's alternative capital management and insurance-linked securities (ILS) unit Aspen Capital Markets is a growth area and its third-party reinsurance capital has risen to $135m.Aspen's quarterly results were announced last week and during the firm's earnings call O'Kane read the full article →

Aspen’s Silverton Re reinsurance sidecar sees 12% performance YTD

Global insurance and reinsurance firm Aspen's collateralized reinsurance sidecar Silverton Re looks to have achieved 12% performance in the first six months of 2014, according to the firms quarterly results published yesterday.The Silverton Re sidecar is managed, along with other third-party reinsurance capital vehicles, at Aspen's alternative capital management and read the full article →

Capital markets a major area of investment for Aspen

Global insurance and reinsurance firm Aspen continued to grow the assets under management at its alternative capital management and insurance-linked securities (ILS) focused unit Aspen Capital Markets during the first-quarter.While Aspen Insurance Holdings Ltd. is the focus of a takeover attempt by John Charman's Endurance, Aspen held its first-quarter earnings read the full article →

Aspen now has $100m in third-party reinsurance capital vehicles

Global insurance and reinsurance firm Aspen now manages $100m of assets within third-party reinsurance capital vehicles at its alternative capital management and insurance-linked securities (ILS) focused unit Aspen Capital Markets.When Aspen Capital Markets launched its first sidecar Silverton Re in December, the firm said that it had $65m of assets read the full article →

Aspen launches Silverton Re, collateralized quota share sidecar

Aspen Capital Markets, the third-party capital and insurance-linked securities (ILS) focused division of Aspen Re, has launched its first vehicle today, Silverton Re, through which it will give investors access to the returns of its catastrophe reinsurance business.Silverton Re, a Bermuda domiciled special purpose insurer (SPI) has been formed by read the full article →

Justin Hull follows Tobben to Aspen Capital Markets

Justin Hull has, we understand, left Bermudian reinsurer PartnerRe and followed Brian Tobben to join the newly established, third-party capital and insurance-linked securities (ILS) focused division of Aspen Re, Aspen Capital Markets.Aspen Capital Markets was formed in April of this year, as Aspen joined other insurers and reinsurers seeking to read the full article →

Cartesian and Aspen to part ways on reinsurance asset management

Cartesian Re, a New York and Bermuda based reinsurance-linked asset management firm formerly known as Cartesian Iris, is to part ways with its ILS venture partner, Aspen Insurance Holdings. Cartesian Re will continue its industry-loss warranty (ILW) focused asset management strategy while Aspen will focus on its own capital markets read the full article →

Aspen to reallocate risks to build track record for capital markets division

One of the issues facing reinsurers that launch dedicated insurance-linked securities and capital markets focused reinsurance divisions is how to raise capital without a track record in reinsurance-linked investments. One way of doing this is to reallocate risks underwritten by the traditional side of the business into the third-party capital read the full article →

Offer third-party backed alternative reinsurance capacity or lose out: Aspen CEO

Aspen Insurance Holdings Limited, the insurance and reinsurance group that recently launched its new Aspen Capital Markets division to capitalise on the growing alternative reinsurance market and interest being shown in reinsurance by capital markets investors, announced its Q1 2013 results last week. It also held an earnings conference call read the full article →