hedge fund

Bermuda based reinsurer Third Point Re, backed by a hedge fund and institutional investors, is actively raising capital for a new fund to support underwriting additional property catastrophe business. Third Point Re is backed by Daniel Loeb’s Third Point LLC hedge fund, who manage and invest the reinsurers assets in the typical hedge fund reinsurer […]

In an article published by Fitch Ratings their director of insurance Martyn Street says that hedge fund backed reinsurers may find achieving their goals, of “using stable premium flows in lower-risk underwriting business to support higher returns on the companies’ asset portfolios” a challenge. As simple as the hedge fund reinsurer business model sounds, there […]

Reinsurance intermediary Aon Benfield have published the latest edition of their twice yearly Aon Benfield Aggregate report today in which they look at the financial position of the world’s top reinsurers. In it they say that at the 30th June 2012 global reinsurer capital was up 5% on six months previous to $480 billion. New […]

Bermuda headquartered, hedge fund backed, reinsurer Third Point Reinsurance Company is planning to expand its footprint in the reinsurance marketing with the opening of an office in London’s financial district. Pending regulatory approval, Third Point Re are launching a subsidiary called Third Point Re Marketing (UK) Limited, which they incorporated as a company at the […]

Insurance-linked securities (ILS) funds have achieved another month of impressive returns in July with the average ILS fund up by 0.62% for the month and 2.94% year-to-date, as measured by the Eurekahedge ILS Advisers Index. Insight from ILS Advisers, an investment consultancy based in Hong Kong focusing on ILS as an asset class, shows that July […]

Bermuda based, hedge fund backed, reinsurer Third Point Reinsurance Company has made two new appointments of well-respected figures from the Bermuda reinsurance market, we can reveal. We heard rumours of these two hires last week and have had the appointments confirmed by Third Point Re.

Correlation is a word that often crops up in articles here on Artemis and within the financial services industry as a whole. Correlation can be better understood as an interdependence, mutual relationship or connection between two or more things. In the risk and reinsurance markets we cover, we use the term correlation to describe how […]

Bermuda based reinsurance group Validus Holdings which has a number of sidecar and ventures, has announced its second quarter results and revealed mixed success in their sidecar segment. Validus launched a Bermuda Class 4 reinsurer PαCRe, Ltd. in a joint-venture with John Paulson and his Paulson & Co. hedge fund in April and in June […]

The unusual pattern of returns in the secondary catastrophe bond and insurance-linked securities market has helped ILS funds achieve their best monthly return of 2012 so far. Returns that the average ILS fund has been making have risen steadily as we moved into Q2, with first April and then May becoming the strongest month of […]

We’ve reported regularly on the influx of capital from investors such as hedge funds into the reinsurance market via both traditional reinsurance start-ups and non-traditional instruments such as catastrophe bonds. Now the reinsurance market has another $500m of capital to help temper rates from the launch of Bermuda based SAC Re. The reinsurer launched yesterday […]