hybrid reinsurance vehicle


Enhanzed Re launched by Enstar in partnership with Allianz & Hillhouse

Bermuda domiciled re/insurance, run-off and legacy specialist Enstar Group has partnered with global insurer Allianz SE and investment manager Hillhouse Capital Management to launch a new reinsurer, Enhanzed Reinsurance Ltd. (Enhanzed Re). The joint-venture looks like another efficiency play that will benefit its launch investors, creating a source of efficient reinsurance 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 →

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 →

Enstar confirms total return reinsurer KaylaRe helps on hurricane loss

Insurance and reinsurance specialist Enstar Group has confirmed that its total return reinsurance vehicle KaylaRe Ltd. softened the blow from third-quarter hurricane catastrophe losses, as the firm said that its quota share agreement with KaylaRe reduced the impact by $22.7 million. KaylaRe offers Enstar a particularly efficient source of reinsurance capacity, read the full article →

AXIS cedes more risk to ILS investors, who in turn help pay Q3 losses

AXIS Capital Holdings’ strategic capital partnership activities generated increased fee income for the re/insurer during the first nine months of 2017, as a decrease in profit commissions related to retrocessional agreements in Q3 was offset by more than $9 million in service fees and reimbursement of expenses to its reinsurance read the full article →

Retro helps AXIS reduce Q3 catastrophe losses to $578 million

The retrocession market has helped Bermudian re/insurer AXIS Capital to reduce its losses from third-quarter catastrophe events, including hurricanes Harvey, Irma and Maria, as well as the Mexico earthquakes, to $578 million, with the firm set to claim $136 million back from retrocessionaires. AXIS Capital said that the $578 million hit read the full article →

Total return reinsurer KaylaRe to lessen impact of cat losses for Enstar

Total return reinsurance vehicle KaylaRe Ltd. is set to lessen the impact of recent hurricanes for its sponsor, insurance and reinsurance specialist Enstar Group, shouldering a portion of the group's losses through its quota-share with StarStone. Enstar Group said today that it expects to suffer a combined catastrophe loss for Q3 read the full article →

KaylaRe boosts Enstar income, as investment float increases

Total return reinsurance vehicle KaylaRe Ltd. has driven higher fee income again for its sponsor, insurance and reinsurance specialist Enstar, as the strategy begins to acquire scale, as cessions made to KaylaRe build up and the investment float continues to accumulate. Enstar launched KaylaRe in late 2016 raising $620 million of read the full article →

AXIS earns more fees, cedes more risk to third-party capital

During the second-quarter of 2017 Bermuda-based insurer and reinsurer, AXIS Capital Holdings, noted the continued positive momentum it sees in its strategic capital partnership activities, recognising increased fee income and ceding more premiums to third-party capital in the period. The re/insurer recognised greater fee income in the opening quarter of the read the full article →

A.M. Best seems at ease with total-return reinsurer Harrington Re

When rating or commenting on a total-return reinsurance firm, a hedge fund reinsurer, or any insurance or reinsurance strategy that adds more risk on the investment side, rating agency A.M. Best has a habit of warning of the downside, but in affirming the AXIS Capital & Blackstone sponsored Harrington Re read the full article →