Reinsurance reserve releases to slow, casualty rate declines to intensify: KBW

Reinsurance reserve releases have been slowing over recent quarters for many in the sector, with the fourth-quarter of 2015 seeing more reinsurers reporting smaller releases, rather than larger, a trend that analysts at Keefe, Bruyette & Woods expect will continue. Reserve releases have been providing a much-needed boost to reinsurer returns read the full article →

Fitch discusses potential of hybrid reinsurance start-up Watford Re

In its recently published alternative reinsurance market update, Fitch Ratings highlights potential concerns over recently formed casualty risk focused part-sidecar, part-third-party capital vehicle, part-hedge fund strategy reinsurer Watford Re. Watford Re, which is backed by part-owner insurance and reinsurance firm Arch Capital Group, with third-party capital investors also providing backing and read the full article →

Watford Re raises $1.13 billion for diversified reinsurance operations

Watford Holdings Ltd., the parent of start-up and wholly owned reinsurance subsidiary Watford Re Ltd., has announced that it successfully raised $1.13 billion of capital including $100m from Arch Capital Group Ltd. Watford Re will launch with $907 million of common equity, which includes the $100m that Arch has invested in read the full article →

Watford Re: Capital raised, to start reinsurance operations shortly

An announcement from Watford Holdings Ltd. and its wholly-owned reinsurance subsidiary Watford Re Ltd. says that the much-discussed casualty focused, third-party capital backed reinsurer is set to start underwriting shortly. The announcement says that Watford Re, a multi-line Bermuda domiciled reinsurer, has now raised capital and expects to commence its reinsurance read the full article →

Watford Re, not your typical third-party reinsurance capital play

The recently announced plans of Bermuda-based insurance and reinsurance group Arch Capital and investment management firm Highbridge Capital to launch a third-party capital backed venture named Watford Re are an interesting take on the trend. Many reinsurers are dipping their toes into insurance linked investment management with the launch of third-party read the full article →

Capital creates competition in casualty reinsurance, where next?

The casualty reinsurance market is becoming more competitive and one of the main reasons is the flow of new capital, including third-party or alternative reinsurance capital, into property reinsurance, which is pushing reinsurers to look elsewhere for profits. The latest evidence to this effect comes from a professional liability focused insurer. read the full article →

Third-party capital’s impact on casualty reinsurance market growing

The impact of third-party capital, from capital market investors, on the reinsurance market has largely been contained to property catastrophe risks to date, but its influence has widened and its impact on the casualty reinsurance market is growing. So said reinsurance broker Willis Re in a briefing to its clients this read the full article →

Some insurers pull out from catastrophe affected regions and loss making lines

Overall the global insurance market continues to be well capitalised and generally competitive despite the major catastrophe losses experienced this year says insurance broker Marsh in their Second Quarter 2011 Insurance Market Update which was published yesterday. However the heavy catastrophe experience and losses has made some insurers rethink their businesses read the full article →

Property/casualty insurers underwriting losses grew in Q1

Net underwriting losses for U.S. property/casualty insurers grew to $4.5 billion in Q1 2011 from $1.8 billion a year earlier as their combined ratio deteriorated to 103.3% according to figures from the ISO and the Property Casualty Insurers Association of America (PCI). Insurers who operate outside the U.S. were hit by read the full article →

A benchmark for casualty risk transfer transactions from the ISO

Yesterday we wrote about the launch of the ISO Casualty IndexTM by the Insurance Services Office. This could be an important piece of the evolution of the catastrophe bond and insurance-linked securities markets that helps the markets broaden their scope to include casualty lines of insurance business. To get a little read the full article →