retrocessional

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 catastrophe loss burden from 2011, […]

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 retrocessional reinsurance market conditions.

Validus Holdings Ltd. are the second Bermuda based reinsurance group to announce the launch of a new sidecar vehicle for the 2012 hurricane season, see our earlier article on RenaissanceRe’s launch of Timicuan Re III here. Validus have announced the formation and launch of the latest in their AlphaCat sidecar series, AlphaCat Re 2012 Ltd. […]

Lancashire Holdings, the Bermuda and UK based provider of specialty insurance products, has announced that they have secured additional capital allowing them to expand their Accordion Re fully collateralised sidecar reinsurance facility. The Accordion Re sidecar was launched last May and focuses on property catastrophe retrocession. It acts as a quota share reinsurer for the […]

German reinsurer Hannover Re have again utilised the capital markets for their retrocession renewal through their proportional retrocession programme which they call K Cession. Previously called K6, Hannover Re have been bringing retrocessional risks to capital markets investors since as far back as 1995.

CATCo Investment Management have published an update to the stock market and their investors regarding the development of loss estimates from some of the major catastrophes experienced around the world in 2011 and how that will impact the returns they will be making to investors. Loss estimates associated with the Japanese and New Zealand earthquakes […]

CATCo’s latest fundraising takes it to roughly $1 billion assets under management CATCo Investment Management have announced today that they have grown their CATCo Reinsurance Opportunities Fund Ltd. to $338m after another round of fundraising. CATCo have received new commitments from institutional investors of $125m and are issuing new C Shares to accommodate the new […]

CATCo Investment Management have released an announcement which discusses the potential exposure that some shareholders in their CATCo Reinsurance Opportunities Fund Ltd. may have due to increasing loss estimates from the earthquakes in Christchurch, New Zealand. They say that the portfolio has potential exposure to the NZ quakes in their Rest of World risk pillar […]

CATCo Investment Management have announced that their board are considering fund-raising options to capitalise on a reinsurance and retrocessional environment which they predict will see rising premium rates and a possible squeeze on available capacity. By growing their fund and taking advantage of high reinsurance premium rates, CATCo say that they can deliver better risk […]

CATCo Investment Management have published their latest monthly insight for the CATCo Reinsurance Opportunities Fund. The report shows that as the risk period for US wind seasonality expires, significant returns can be generated from their portfolio, such as those demonstrated in August. We spoke with CATCo to better understand this.