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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 →

KaylaRe float grows, but fee income hit by performance for Enstar

The premium investment float generated by total return reinsurance vehicle KaylaRe Ltd. continued to grow in the first-quarter, promising an increasing return on the asset side of the reinsurer, but fee income delivered to parent Enstar declined due to lower performance from the ceded business in the period.The reduction in read the full article →

Watford Re starts 2018 with almost 40% jump in premiums written

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, started off the year 2018 with a significant jump in premiums underwritten.Watford Re, which operates in a total-return style, seeking to be profitable on the underwriting side of read the full article →

U.S. tax reforms could see some ILS structures CFC or PFIC classified: Mayer Brown

Reforms under the new Tax Cuts and Jobs Act (TCJA), adopted in the U.S. in December 2017, means that some insurance-linked securities (ILS) structures could be classified as a controlled foreign corporation (CFC) and others could be classified as a passive foreign investment company (PFIC), according to Mayer Brown's Global read the full article →

Rosh Capital preparing for investment-oriented reinsurer launch

Rosh Capital Management, LP is exploring the viability of launching a total return reinsurance platform to be based in Bermuda. The approach will be to integrate a multi-manager asset strategy with both prospective and retrospective underwriting solutions, to meet demand within the current underwriting environment.The investment-oriented approach to reinsurance, sometimes read the full article →

Watford Re hit by H2 underwriting losses, worse investments in 2017

Watford Re, the third-party capital backed total-return reinsurance venture part-owned by Bermudian insurer and reinsurer Arch Capital, alongside asset manager Highbridge Principal Strategies, suffered a significant rise in its loss ratio during the fourth-quarter of 2017.Arch reports that Watford Re recorded a loss ratio of 89.6% for Q4 2017, resulting read the full article →

Enstar buying KaylaRe stakes from investors Hillhouse and Stone Point

Insurance and reinsurance specialists Enstar Group has acquired the remaining 52% that it did not own of total return reinsurance vehicle KaylaRe Ltd. from fellow founding investors Hillhouse Capital Management, Ltd. and the Trident V funds managed by Stone Point Capital LLC.When KaylaRe was launched by the trio, Enstar had read the full article →

Two more run-off deals from total return reinsurer Sandell Re & SOBC

Total-return reinsurance firm Sandell Re and legacy specialist SOBC Corp. have completed two more run-off transactions under their legacy or distressed run-off and commutation joint-venture SOBC Sandell, acquiring two more captive entities.SOBC Sandell has acquired 100% of the outstanding shares of ASAC Inc., PCC, a protected cell company, and American read the full article →

Watford Re to enter Romanian insurance market

Watford Re, the investment-oriented, total return reinsurance joint venture run by Bermudian re/insurance group Arch Capital alongside asset manager Highbridge Principal Strategies, is planning to expand its operations in Europe with a move into the  Romanian insurance market, according to a report.Watford Re started out as a total-return vehicle that took read the full article →