Kinesis Capital Management

The improved rate environment meant that specialty insurance and reinsurance player Lancashire Holdings took the opportunity to increase the amount of limit sold by third-party capital vehicle Kinesis Capital Management by roughly 30% at the renewals, according to CEO Alex Maloney.

Third-party collateralized reinsurance capital unit Kinesis Capital Management displayed a resilient set of results in the fourth-quarter of 2017 for parent specialty insurance and reinsurance group Lancashire Holdings Limited and after the challenging year, CEO Alex Maloney feels the market has turned a corner.

Speaking today, Lancashire holdings CEO Alex Maloney said that it is unlikely that all ILS capacity can race back into the market in time for the key January reinsurance renewals, but explained that his firms Kinesis vehicle will be ready to reload for any opportunities that arise.

Specialty insurance and reinsurance group Lancashire Holdings Limited reported its results this morning and as anticipated losses suffered from recent catastrophe events by its third-party reinsurance capital unit Kinesis Capital Management are reflected in the numbers.

Specialty insurance and reinsurance group Lancashire Holdings Limited has estimated its ultimate net losses from hurricanes Harvey, Irma and Maria and the two recent Mexico earthquakes, putting them in a range from $106 million to $212 million, including its share of third-party capital vehicle Kinesis’ hit.

Kinesis Capital Management, the third-party reinsurance capital management arm of specialist re/insurer Lancashire Holdings, has expanded its investor base so far in 2017, with many partners equipped to increase their allocation when the opportunity arises, according to Lancashire Group Chief Executive Officer (CEO), Alex Maloney.

Kinesis Capital Management, the third-party reinsurance capital management unit of specialty insurance and reinsurance player Lancashire Holdings continue to drive increases in income to the parent year-on-year, with both fees and commissions up at the mid-point of 2017.

A release of retained collateral has helped to boost specialist London and Bermuda insurance and reinsurance underwriter Lancashire Holdings income from its third-party reinsurance capital unit Kinesis Capital Management during the first-quarter of the year.

While Kinesis, the third-party reinsurance capital vehicle of specialist London and Bermuda insurance and reinsurance underwriters Lancashire Holdings, remains relatively flat in terms of growth, it is primed and ready should there be an opportunity to raise more capital.

Specialist London and Bermuda insurance and reinsurance underwriters Lancashire Holdings have benefited again from the contribution that third-party reinsurance capital management unit Kinesis Capital Management provided in 2016.