Humboldt Re Limited

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Humboldt Re acquired by run-off specialist Marco Capital

Humboldt Re Ltd., one of the two Guernsey based, Credit Suisse Insurance-Linked Strategies supported rated reinsurance carriers, has now been sold to European property and casualty (P&C) run-off specialist company Marco Capital Holdings Limited. As we explained back in August, the signing of a sale agreement had been revealed, which would read the full article →

Humboldt Re being sold to a run-off specialist

Humboldt Re Ltd., one of the two Guernsey based, Credit Suisse Insurance-Linked Strategies supported rated reinsurance carriers, is being sold to a run-off specialist, with the deal expected to complete imminently. Update: P&C run-off specialist Marco Capital has been revealed as the buyer of Humboldt Re. As we explained in August, the read the full article →

Sale agreed for Credit Suisse linked reinsurer Humboldt Re

Humboldt Re Ltd., one of the two Guernsey based, Credit Suisse Insurance-Linked Strategies supported rated reinsurance carriers has reportedly been the subject of the signing of a sale purchase agreement, suggesting a new owner has been found. As a reminder, Humboldt Re and another Credit Suisse ILS linked reinsurance company Kelvin read the full article →

Credit Suisse pension restructures CHF 357m of ILS, reveals Humboldt Re costs

The Pension Fund of Credit Suisse Group reported that it is restructuring CHF 357.1 million of insurance-linked securities (ILS) investments and revealed an exposure to the running-off of rated reinsurance company Humboldt Re. The pension fund said in its 2020 annual report that its Investment Committee has decided to restructure investments read the full article →

Strategic decisions by investors drove Kelvin Re & Humboldt Re shuttering: Credit Suisse

The shuttering of Guernsey based, Credit Suisse Insurance-Linked Strategies supported, reinsurance firms Kelvin Re and Humboldt Re is due to strategic decisions being taken by the ultimate institutional investors behind them, a Credit Suisse spokesperson told us. As we reported earlier this week, reinsurance firms Kelvin Re and Humboldt Re are read the full article →

ILS backed reinsurers Kelvin Re & Humboldt Re placed under review by AM Best

Following the news that Guernsey based, Credit Suisse Insurance Linked Strategies supported reinsurance firms Kelvin Re and Humboldt Re are to cease underwriting new business, rating agency AM Best has placed their ratings under review with negative implications. As we explained yesterday, the two Guernsey domiciled reinsurance vehicles that are backed read the full article →

Credit Suisse ILS’ reinsurers Kelvin Re & Humboldt Re to stop writing

The two Guernsey domiciled, rated reinsurance carriers managed by and backed by capital from the Credit Suisse Insurance Linked Strategies Ltd. team, Kelvin Re and Humboldt Re, are not renewing any business this January and will stop writing. We understand that the decision was taken at a Board meeting recently and read the full article →

Credit Suisse ILS’ reinsurers Kelvin Re & Humboldt Re have ratings affirmed

The two Guernsey domiciled rated reinsurance vehicles managed by and backed by capital from the Credit Suisse Insurance Linked Strategies Ltd. team have had their ratings affirmed and their underwriting strategies tweaked to reduce the volatility in their results going forwards. Rating agency A.M. Best highlights the balance-sheet strength of each read the full article →

Credit Suisse ILS run reinsurer Kelvin Re takes $350m capital injection

Kelvin Re Limited, a rated reinsurance company run by the Credit Suisse Insurance Linked Strategies Ltd. team and backed by investments from the Abu Dhabi Investment Council has taken an injection of capital to strengthen it in 2019. Guernsey domiciled Kelvin Re underwrites short-tail property catastrophe and specialty lines reinsurance, with 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 →