PartnerRe

Bermuda headquartered pure-play reinsurance firm PartnerRe has significantly increased the amount of collateralized quota share retrocessional support its portfolio receives from the capital markets, with growth evident in the firms Lorenz Re sidecar vehicle at the mid-point of 2018.

As of July 2015 Bermudian reinsurance firm PartnerRe is managing $134m of third-party investor capital through its Lorenz Re special purpose insurance (SPI) vehicle, with a strategic change in direction seeing the vehicle used for its segregated account status.

Global reinsurance firm PartnerRe increased the amount of premiums ceded to its fully-collateralized reinsurance sidecar, Lorenz Re, in the second-quarter as the firm appeared to leverage the sidecar more for its own retrocession needs.

Bermuda based reinsurer PartnerRe has returned a larger amount of capital to investors in its fully-collateralized reinsurance sidecar vehicle Lorenz Re in 2014 than the firm did in 2013, according to its latest results.

Pressure in the reinsurance market is increasingly moving beyond just pricing and there is now more pressure for the expansion of reinsurance coverage terms and conditions, CEO of reinsurer PartnerRe Costas Miranthis told analysts last week.

Bermuda based reinsurance firm PartnerRe Ltd. has returned a larger amount of capital to investors in its fully-collateralized reinsurance sidecar vehicle Lorenz Re. PartnerRe’s Q3 report shows that almost $10m has been returned to investors this year.

Bermuda based reinsurer PartnerRe Ltd. has become the latest to launch a third-party capital management play with the announcement late yesterday of a new reinsurance sidecar called Lorenz Re Ltd. The sidecar, or companion facility as PartnerRe has called it, is a Bermuda domiciled Special Purpose Insurer registered on the 5th February. Lorenz Re has […]

You may recall that we wrote about Bermudian reinsurer PartnerRe’s losses from their insurance-linked security investments a number of times earlier this year. After some of the major catastrophes in the first half of 2011, PartnerRe disclosed the amount of losses they were facing from their ILS investment portfolio.

PartnerRe CEO Costas Miranthis was interviewed at the recent Bermuda Captives Conference by AM Best to discuss the company’s strategy six months after he became CEO and a number of key management changes were made. The interview, which you can read about and view a short video of here (via Comtex), gives an interesting insight […]

PartnerRe announced last month that a portion of their losses due to the Tohoku earthquake and tsunami disaster in Japan would be due to insurance-linked securities. At the time we wrote that it was likely that they had an investment in the Muteki Ltd. cat bond (which is expected to be a total loss). Now […]