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Third Point Re in property cat boost, Malloy affirmed CEO, Sankaran joins board

Bermuda headquartered, hedge fund backed, global reinsurance firm Third Point Re has begun to benefit from its expansion into property catastrophe reinsurance underwriting, reporting a contribution to its results that helped to lower the combined ratio.Third Point Re has still reported a technical underwriting loss, as the combined ratio for read the full article →

New PFIC regs released, relevant to ILS & hedge fund reinsurance strategies

The U.S. Internal Revenue Service and Department of the Treasury has published a new set of proposed regulations relating to passive foreign investment companies (PFICs), which are relevant to many in insurance and reinsurance, but have particular relevance to certain ILS and hedge fund reinsurer strategies it seems.The updates to read the full article →

Third Point Re – less hedge fund investing, more catastrophe underwriting

Bermuda headquartered, hedge fund backed reinsurance firm Third Point Re is pivoting further away from the longer-tailed underwriting, more active investment approach of its original strategy, as it embraces catastrophe risk once again.As one of the main proponents of the total return or hedge fund reinsurance strategy, Third Point Re read the full article →

Third Point Re makes Dan Malloy CEO, as Bredahl & Gupta depart

Dan Malloy is being appointed Chief Executive Officer (CEO) of Third Point Reinsurance Ltd., as Rob Bredahl has resigned. At the same time Manoj Gupta has also left the firm, leading to changes at the top of Third Point Re U.S.Third Point Re is a total return, hedge fund backed read the full article →

Watford Re IPO’s on Nasdaq at discount to book value

Watford Holdings Ltd., the parent company to Arch Capital and Highbridge Principal Strategies backed investment oriented or total-return style reinsurance firm Watford Re, successfully completed its initial public offering (IPO) on the Nasdaq.Watford Re is a valuable component of Bermudian insurance and reinsurance firm Arch Capital’s strategy to embrace third-party read the full article →

Watford Re, investment oriented reinsurer backed by Arch, targets IPO

Watford Holdings Ltd., the Arch Capital and Highbridge Principal Strategies backed parent to investment oriented or total-return style reinsurance firm Watford Re, has filed for an initial public offering (IPO) on the Nasdaq.Watford Re has become a valuable component to Bermudian insurance and reinsurance firm Arch Capital's strategy to embrace read the full article →

Credit Suisse ILS backed reinsurers affirmed, but catastrophes take toll

Both of the rated reinsurance vehicles that are managed by and backed by capital from the Credit Suisse Insurance Linked Strategies Ltd. team have had their ratings affirmed by A.M. Best, despite suffering losses from the catastrophe activity through 2018.Kelvin Re, a rated reinsurance company backed by investments from the read the full article →

Third Point Re targets property cat underwriting again

Bermuda headquartered, hedge fund backed reinsurance firm Third Point Re is set to return to underwriting property catastrophe reinsurance next year, but this time for its own balance-sheet and as a way to help reduce its combined ratio.Third Point Re, which is backed by hedge fund manager Dan Loeb’s Third read the full article →

Watford Re grows premiums again in Q2 2018, combined ratio nears 100

Watford Re, Bermudian specialist re/insurer Arch Capital and asset manager Highbridge Principal Strategies third-party capital backed total-return reinsurance venture, continued its trend towards portfolio growth in the second-quarter, reporting another 15% jump in premiums underwritten.This follows a huge almost 40% increase in gross premiums underwritten in the first-quarter of the read the full article →

Watford Re exploring potential for IPO and listing

An initial public offering (IPO) could be on the cards for Watford Re, the third-party capital backed total-return reinsurance venture part-owned by Bermudian specialist re/insurer Arch Capital and asset manager Highbridge Principal Strategies, as its parent holding company said it was evaluating options for a listing.Watford Re was launched back read the full article →