Kinesis Capital Management

Specialty insurance and reinsurance company Lancashire Holdings reported an increase in pre-tax profits this morning, and growing contribution from third-party capital at Kinesis, despite the “pressures” in reinsurance and retrocession markets.

The tenth in our series of articles featuring leading figures from the insurance-linked securities (ILS) and reinsurance arena views on the markets prospects for 2015 features Darren Redhead, CEO of Kinesis Capital Management Limited.

Specialty insurance and reinsurance company Lancashire Holdings expects to see increasing demand for products from its third-party reinsurance capital unit Kinesis Capital Management at the January renewals and beyond.

Specialty insurance and reinsurance company Lancashire Holdings reported a growing contribution from its third-party reinsurance capital unit Kinesis Capital Management this morning, as its share of Kinesis’ profits and corresponding fee income grew.

The pressure on reinsurance pricing persists, as overcapacity both from new capital and traditional reinsurers remains a feature of the market, leading to an expectation that aggressive renewal targets may be seen later this year, according to Lancashire CEO Maloney.

Kinesis Capital Management, the third-party reinsurance capital management unit of specialty re/insurance group Lancashire Holdings, has executed its mid-year draw, raising an additional $50m of capital from investors for collateralized renewal underwriting.

In this series of interviews with investment managers from high-profile insurance-linked securities funds, collateralized reinsurance entities and reinsurance-linked investment firms, we hope to reveal a little more detail on the individual manager’s experience and the firm’s investment strategy.

Specialty insurance and reinsurance company Lancashire Holdings Limited reported lower first-quarter profits this morning, but premiums written were up significantly and the firm also reported a positive contribution from its third-party capital management activities.

During the firms recent earnings call, executives of global specialty insurance and reinsurance provider Lancashire Holdings discussed the firms Kinesis Capital Management third-party reinsurance capital unit and why it is different.

Kinesis Capital Management, the third-party capital management unit of global provider of specialty insurance and reinsurance products Lancashire Holdings, has executed its first ‘special draw’, raising capital from investors for collateralized underwriting.