Quota Share


Hannover Re cedes hurricane losses to retro, frees capital for renewal

German reinsurance player Hannover Re saw its retrocession capacity providers take more than half of its losses from hurricanes Harvey, Irma and Maria. Following the major losses the reinsurer has freed up capital from its investment portfolio, for tactical considerations at the renewals.Hannover Re reported EUR 1.6256 billion of gross read the full article →

Brit ups quota share reinsurance, as rate declines continue

Global specialty insurance and reinsurance firm Brit Ltd. has increased its use of quota share reinsurance, increasing its expenditure on cover by $62.6 million as it seeks to take advantage of still declining rates to better manage its net position.Brit explained in its results this morning that it had increased read the full article →

Verto Syndicate 2689 aims to ease private capital access to Lloyd’s

Verto Syndicate 2689, a newly approved "in principle" Lloyd's of London syndicate, aims to ease access to the returns of Lloyd's underwriting business for private capital investors through proportional quota share reinsurance of other syndicates.Private capital consists of high-net worth, family office and some institutional investors and has been accessing the read the full article →

Hannover Re ups K-Cession & whole account retro for 2016

Reinsurer Hannover Re increased the size of its K-Cession quota share reinsurance and whole account excess of loss transactions for 2016 by $150m, reflecting the availability of attractively priced capital for retrocession.The K-Cession quota share reinsurance placement, also known as the K series of transactions, is Hannover Re's largely third-party investor read the full article →

Helios uses collateralised reinsurance structures to release capital

Helios Underwriting, the Lloyd's of London focused investment and underwriting vehicle formerly known as Hampden Underwriting, has entered into a new collateralised reinsurance agreement to free up capital for new opportunities.As Hampden the firm entered into a number of collateralised reinsurance quota share agreements, with XL Re, for the same read the full article →

Hampden renews collateralised quota share reinsurance with XL Re

Hampden Underwriting Plc, a Lloyd’s of London firm focused on property insurance, reinsurance and motor business and which enables investors to directly access the Lloyd’s market, has renewed a collateralised quota share reinsurance agreement with XL.The collateralised reinsurance transaction, which Hampden first announced back in July, involved 50% of the read the full article →

Hampden releases capital in collateralized reinsurance agreement with XL Re

Hampden Underwriting Plc, a Lloyd's of London firm which gives investors direct access to the Lloyd’s market, largely focusing its portfolio on property insurance, reinsurance and motor business, has announced a 50% collateralized reinsurance quota share agreement with Bermudian reinsurer XL Re.Hampden Underwriting said today that it has released a read the full article →