reinsurer

Bermuda based hedge fund backed reinsurer Third Point Re, has hit the news in recent days as speculation mounts about a forthcoming initial public offering (IPO). The reinsurer, backed by Dan Loeb’s Third Point LLC hedge fund, institutional investors and contributions from partners such as insurer Hiscox, intends to IPO to raise additional funds according […]

Bermuda headquartered Hiscox, an international specialist insurance and reinsurance group, has published its results for 2012 today and in the published regulatory announcement Hiscox discusses the benefits that an investment made last year in a catastrophe fund operated by hedge fund backed reinsurer Third Point Re brings to it. Hiscox says that by engaging with […]

Once again, the investment-side risk that comes with the hedge fund backed reinsurer strategy becomes apparent in a hedge fund reinsurance firms results announcement. This time it’s Greenlight Re, the Cayman Islands domiciled reinsurer backed by hedge fund manager David Einhorn, which has been hit by investment losses. The last time we wrote about Greenlight […]

In a news article published yesterday, rating agency A.M. Best highlight the investment-side risk that comes with the hedge fund backed reinsurer strategy which has been becoming more popular in recent years. These reinsurers, backed by large hedge funds, typically try to access the premium income available in the reinsurance market as a source of […]

The boundary between the reinsurance sector and the hedge fund world have never been totally defined, but as convergence between the capital markets and reinsurance sector continues apace the lines are becoming even more blurred, with hedge funds operating reinsurers and reinsurers operating investment funds. There are also partnerships, some of which are almost symbiotic […]

Bermuda based reinsurer Third Point Re, backed by a hedge fund and institutional investors, are partnering with Hiscox Insurance Company (Bermuda) Limited in the development of their first catastrophe reinsurance fund efforts. A few weeks ago we wrote that Third Point Re were raising capital for a new property catastrophe reinsurance fund and now it […]

Bermuda based reinsurer Third Point Re, backed by a hedge fund and institutional investors, is actively raising capital for a new fund to support underwriting additional property catastrophe business. Third Point Re is backed by Daniel Loeb’s Third Point LLC hedge fund, who manage and invest the reinsurers assets in the typical hedge fund reinsurer […]

There are a number of theories as to why we didn’t see a group of new reinsurers start-up after the record natural catastrophe losses suffered by the industry in 2011. Some say reinsurance capacity was sufficient, others say that the losses were not sufficiently impactful to push rates to the point where profitable opportunities emerged. […]

In an article published by Fitch Ratings their director of insurance Martyn Street says that hedge fund backed reinsurers may find achieving their goals, of “using stable premium flows in lower-risk underwriting business to support higher returns on the companies’ asset portfolios” a challenge. As simple as the hedge fund reinsurer business model sounds, there […]

Reinsurance intermediary Aon Benfield have published the latest edition of their twice yearly Aon Benfield Aggregate report today in which they look at the financial position of the world’s top reinsurers. In it they say that at the 30th June 2012 global reinsurer capital was up 5% on six months previous to $480 billion. New […]