Pangaea Reinsurance Ltd


TransRe to reduce cat capacity unless rates improve: Alleghany CEO Hicks

Clear signals on the price adequacy of property catastrophe risks, under the shadow of rising climate exposures, continue to come to light, with the latest being the final letter from Alleghany CEO Weston Hicks to his shareholders. Hicks is retiring at the end of this year and stepping down from his read the full article →

TransRe could deploy more third-party capital, if rates improve

Reinsurance firm Transatlantic Re, or TransRe for short, said that it was disappointed with the rate rises experienced at the January 2018 renewals, but noted that should rates rise further throughout 2018 it could deploy more third-party capital, alongside its own capacity. The reinsurer said that while it did see pricing read the full article →

ILS, the Frankenstein’s monster in the room, or the future?

Weston Hicks, the President of re/insurer Alleghany, has likened the world of efficient alternative reinsurance capital to Frankenstein’s monster, describing the market as untested against the “big one” and problematic because of potential incentive misalignments. In the company’s annual letter to its stockholders, which details its financial performance in 2016, Alleghany read the full article →

TransRe Capital Partners grows sidecar assets to $500m

TransRe Capital Partners, the unit of reinsurance firm TransRe formed in 2013 to deal with its third-party capital market activities, now has approximately $500 million in its collateralised reinsurance sidecar, according to Alleghany President Weston Hicks. Explaining TransRe's participation in the non-traditional reinsurance market, Hicks reveals that the Pangaea collateralised reinsurance read the full article →