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Chubb reports $1.8bn cat loss hit for Q2, $1.37bn from Covid-19

U.S. and global primary insurance carrier and reinsurance company Chubb, has pre-announced a massive just over $1.8 billion hit from global catastrophes and the Covid-19 pandemic for the second-quarter of the year, setting the stage for other large loss hits from major players. Chubb had previously said it would categorise the read the full article →

Chubb classifies Covid-19 as a catastrophe event

Chubb, the U.S. and global primary insurance carrier and reinsurance company, is classifying the Covid-19 pandemic as a catastrophe loss event and expects it to have a meaningful impact on earnings in the second-quarter. In announcing its first-quarter results yesterday, Chubb revealed just $13 million of pre-tax losses due to the read the full article →

Watford Re IPO’s on Nasdaq at discount to book value

Watford Holdings Ltd., the parent company to Arch Capital and Highbridge Principal Strategies backed investment oriented or total-return style reinsurance firm Watford Re, successfully completed its initial public offering (IPO) on the Nasdaq. Watford Re is a valuable component of Bermudian insurance and reinsurance firm Arch Capital’s strategy to embrace third-party read the full article →

ABR Re now one of Chubb’s largest reinsurance capacity sources

U.S. primary insurer Chubb continues to position its total-return and third-party capitalised reinsurance joint-venture at the heart of its risk capital requirements, adding efficiency to its operations as a result. ABR Reinsurance Capital Holdings Ltd. (ABR Re) was launched by Chubb as a total-return or investment oriented reinsurance joint-venture vehicle, financed read the full article →

Watford Re, investment oriented reinsurer backed by Arch, targets IPO

Watford Holdings Ltd., the Arch Capital and Highbridge Principal Strategies backed parent to investment oriented or total-return style reinsurance firm Watford Re, has filed for an initial public offering (IPO) on the Nasdaq. Watford Re has become a valuable component to Bermudian insurance and reinsurance firm Arch Capital's strategy to embrace read the full article →

ABR Re, Chubb & Blackrock reinsurance J/V, hires Underwriting Director

ABR Reinsurance Capital Holdings Ltd. (ABR Re), the total-return or investment oriented reinsurance joint-venture vehicle established by re/insurer Chubb alongside asset manager Blackrock, has hired a new Underwriting Director. Sean Ramlal was hired by and joined ABR Re towards the end of 2018, we understand, taking on the role of Underwriting read the full article →

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 →

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 →