Phoenix CRetro & BROKBUSINESS in CEE collateralized reinsurance push

Phoenix CRetro, a niche Bermudian collateralized retrocessional reinsurance firm, has assisted Ukrainian insurance firm BROKBUSINESS in becoming the first CEE based re/insurer with a license to post reinsurance collateral abroad. BROKBUSINESS, which has more than 50 branches across the Ukraine, has been awarded a licence to post collateral abroad as part read the full article →

Lancashire targets up to $500m initial funding for Kinesis Capital Management

Lancashire Holdings, the global provider of specialty insurance and reinsurance products and third-party reinsurance capital management firm, has revealed further details about its Kinesis Capital Management initiative. Kinesis Capital Management was recently revealed as the brand name for Lancashire's third-party capital efforts. Lancashire will seek to raise between $300m to $500m read the full article →

Focus insulates Lancashire from pricing pressure, announces Kinesis Capital Management

Richard Brindle, CEO of Lancashire Holdings, a global provider of specialty insurance and reinsurance products and third-party reinsurance capital firm, said that the firm is insulated from feeling too much of the impact of new third-party reinsurance capital due to its focus on specialty and non-elemental exposures. Brindle commented; "Whilst a lot read the full article →

Rate softening, stimulated by third-party reinsurance capital, is widening: Willis

The softening of reinsurance rates, primarily seen in U.S. property-catastrophe line reinsurance renewals to date, shows evidence of spilling over into other markets, according to the latest reinsurance renewals report from the reinsurance broking arm of global broker Willis. The latest Willis Re 1st View report takes a look at the read the full article →

Phoenix CRetro launches to bring fresh capital to catastrophe retrocessional reinsurance

A new firm called Phoenix CRetro has launched targeting the catastrophe retrocessional reinsurance market while offering a way for institutional investors and capital providers such as re/insurers in Central and Eastern Europe (CEE), the Commonwealth of Independent States (CIS) which consists of countries formerly part of the Soviet Union and read the full article →

Lancashire appoints new portfolio manager to Capital Management division

Global provider of specialty insurance and reinsurance products and third-party reinsurance capital firm Lancashire Holdings has announced a new appointment within its third-party capital management brand Lancashire Capital Management. Mathieu Marsan has been appointed as Portfolio Manager & Actuary for the firms Capital Management division. Marsan joins Lancashire, subject to approval by read the full article →

Lancashire looks set to launch Accordion Reinsurance II sidecar

Global provider of specialty insurance and reinsurance products and third-party reinsurance capital management firm Lancashire Holdings looks set to launch another sidecar under the successful Accordion Re branding. The first Accordion Re sidecar was so named as it was said to be designed to shrink or expand with Lancashire's needs, read the full article →

Alterra’s New Point IV sidecar nets $30.3m of income in 2012

Global insurance and reinsurance group Alterra Capital announced its fourth-quarter and full-year 2012 results yesterday and gave some insight into the contribution that its collateralized reinsurance and retrocession sidecars bring to the groups income. Alterra had two sidecars in operation in 2012, New Point IV which was formed in 2011 read the full article →

Collateralized capacity increasing share of retrocessional business: Aon Benfield

The retrocessional reinsurance market, where reinsurers look for their own reinsurance cover, is an area where collateralized capacity from reinsurance funds, sidecars and catastrophe bonds or ILS, is increasingly being put to work. The retro reinsurance market has seen some dislocation over the last year or two, thanks to the read the full article →

Lancashire renews Accordion collateralized property retrocession sidecar

Lancashire Holdings, the Bermuda and UK based provider of specialty insurance products, have announced the renewal of Accordion, their fully collateralized property retrocession sidecar facility. The Accordion Reinsurance Limited sidecar, which Lancashire launched last year, will be renewed for another twelve months to allow Lancashire to take advantage of current read the full article →