Lifson Re Ltd

W. R. Berkley Corporation, the US headquartered insurance holding company, has secured additional investor commitments for its Lifson Re collateralized reinsurance sidecar vehicle, growing the vehicles capital base to $380 million for 2023.

W. R. Berkley Corporation, the US headquartered insurance holding company, has continued to expand the premiums ceded to investors backing its Lifson Re collateralized reinsurance sidecar vehicle during the third-quarter of 2022.

Insurance holding company W. R. Berkley Corporation recognises the opportunity in catastrophe reinsurance and retrocession right now, with its CEO saying yesterday that it could become a “meaningful seller” if rates move sufficiently.

Insurance holding company W. R. Berkley Corporation has significantly expanded its use of the Lifson Re collateralized reinsurance sidecar vehicle during the first-half of 2022, ceding much more in the way of premiums to investors through the structure.

Insurance holding company W. R. Berkley Corporation is making good use of its first collateralized reinsurance sidecar, now having ceded $139 million of property and casualty reinsurance premiums from across its business to the structure in its first year.

Insurance holding company W. R. Berkley Corporation has made a key hire in the insurance-linked securities (ILS) space, appointing Vincent Myers, formerly of AXIS, to the role of Vice President, Alternative Capital.

In launching its first collateralized reinsurance sidecar vehicle and engaging with third-party investors on the recently announced Lifson Re Ltd. launch transaction, Rob Berkley – President and CEO of W. R. Berkley noted the importance of a “shared sense of obligation and duty to capital.”

Insurance holding company W. R. Berkley Corporation has launched its first foray into third-party reinsurance capital management with the set-up of a Bermuda based special purpose insurer (ILS) named Lifson Re Ltd. that will act as a kind of P&C reinsurance sidecar structure for the company.