hedge fund

SAC Re, the Bermuda based Class 4 reinsurance company backed by Steven A. Cohen, billionaire hedge fund manager and founder of the beleaguered hedge fund SAC Capital Advisors LP, has officially had its financial strength and issuer credit ratings placed under review with negative implications by A.M. Best.

Third Point Re, the Bermuda domiciled reinsurer backed by Third Point LLC hedge fund owner Dan Loeb, has increased the offering size of its long-awaited IPO to a maximum of $345m. When Third Point Re initially filed its IPO documentation it was hoping for an offering of $250m but it seems demand has allowed it […]

The month of June saw insurance-linked securities (ILS) funds returns impacted by the major flooding event which struck Central European countries with some of the worst floods in recent memory. The event dragged the average return of ILS funds in June down to flat or 0.00%, as measured by the Eurekahedge ILS Advisers Index.

The largest asset manager in the insurance-linked securities and reinsurance-linked investment space with just over $7.89 billion of insurance-linked assets under management at the firm, Nephila Capital, has grown its senior team by one with the addition of Guy Swayne as a new partner.

The reinsurance market is closely watching SAC Re, the Bermuda based Class 4 reinsurer backed by Steven A. Cohen, billionaire hedge fund manager and founder of hedge fund SAC Capital Advisors LP, to see if there will be any fall-out after its parent company SAC was charged with insider trading by the U.S. government.

Insurance-linked securities and reinsurance-linked investment manager Nephila Capital, the largest asset manager in the space with just over $7.89 billion of insurance-linked assets under management at the firm, has been selected as one of the sub-advisors for a new mutual multi-manager fund offering from Blackstone Alternative Asset Management.

Third Point Re, the Bermuda domiciled reinsurer established with the backing of Thid Point LLC hedge fund owner Dan Loeb, has now filed the paperwork for its expected initial public offering (IPO). The IPO will see Third Point Reinsurance Ltd. seek to raise $250m, or more, in an offering of shares designed to help it […]

Pension funds allocating capital to insurance-linked securities (ILS) and reinsurance-linked investment strategies, as a way to find sources of yield with low-correlation to broader financial markets, is becoming a mainstream topic. However the numbers show that this trend has a long way to go and right now it is still early days for pension funds […]

Private equity firm Stone Point Capital LLC has shown its continuing appetite for investing in firms linked to the reinsurance market by supporting a number of purchases made by Enstar Group, the Bermuda based insurance, reinsurance and run-off specialist. Stone Point is supporting Enstar’s acquisitions of Torus Insurance Holdings, Atrium Underwriting Group and Arden Reinsurance […]

Investors in and managers of insurance-linked securities and reinsurance-linked investment funds saw another positive month in May, although the lowest months return of the year-to-date. The average return of ILS funds in May, as measured by the Eurekahedge ILS Advisers Index, was 0.42%.