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Inver Re hires Bowker for “joined-up” legacy solutions

Inver Re, the global reinsurance brand of the Ardonagh Group, has announced a new Legacy Solutions unit, with the hire of former Enstar CFO Guy Bowker and hints at a capital agnostic approach that could make use of alternative capital, where solutions demand it. Bowker was most recently the CFO of read the full article →

R&Q on-track with $9m of H1 Gibson Re sidecar fees

R&Q, or Randall & Quilter, the non-life insurance and reinsurance legacy, run-off and program management specialist, has reported earning $9 million of fee income from its legacy insurance focused collateralised reinsurance sidecar, Gibson Re. The $9 million of fee income comes from the first-half of 2022 and puts R&Q on-track to read the full article →

Enstar eliminating catastrophe exposure with shuttering of Enhanzed Re JV

Bermuda domiciled re/insurance, run-off and legacy specialist Enstar Group is eliminating its exposure to catastrophe risks with a shuttering of its joint-venture reinsurer, Enhanzed Reinsurance Ltd. (Enhanzed Re). Enhanzed Re was launched as a three-way joint-venture between Enstar Group, global insurer Allianz SE and investment manager Hillhouse Capital Management. The joint-venture was read the full article →

Ownership of in run-off Kelvin Re expected to change: AM Best

Rating agency AM Best has said that it expects the ownership of the Guernsey based, Credit Suisse Insurance Linked Strategies supported reinsurance company Kelvin Re Limited will change, which suggests a sale of the reinsurer to a run-off specialist, or perhaps another buyer, is close. As a reminder, the Credit Suisse read the full article →

R&Q targets ILS markets for program management: Spiegel

William Spiegel, Executive Group Chairman of Randall & Quilter (R&Q) Investment Holdings, said this morning that insurance-linked securities (ILS) markets are a target for the firms growing program management business. R&Q typically works alongside managing general agents (MGA's) and reinsurance providers to them, helping them deploy program focused capacity using its read the full article →

Humboldt Re acquired by run-off specialist Marco Capital

Humboldt Re Ltd., one of the two Guernsey based, Credit Suisse Insurance-Linked Strategies supported rated reinsurance carriers, has now been sold to European property and casualty (P&C) run-off specialist company Marco Capital Holdings Limited. As we explained back in August, the signing of a sale agreement had been revealed, which would read the full article →

NZ Super Fund expands cat bond investments, doubles Elementum allocation

The New Zealand Superannuation Fund (NZ Super Fund), one of the government pension investment providers, has added to its insurance and reinsurance linked investments again in the last year, with a doubling of its allocation to investment manager Elementum Advisors, seemingly all in catastrophe bonds. The New Zealand Superannuation Fund (NZ read the full article →

Gibson Re sidecar “not changing the recipe book” at R&Q: Spiegel

For Randall & Quilter (R&Q) Investment Holdings, the launch of its first collateralised reinsurance sidecar vehicle today is not about changing the "recipe book", meaning the firm's core area of focus in the legacy space remains, according to William Spiegel, Executive Chairman of R&Q. R&Q, the specialist non-life insurance and reinsurance read the full article →

R&Q launches $300m Gibson Re sidecar with investor support

Randall & Quilter (R&Q) Investment Holdings, the specialist non-life insurance and reinsurance legacy investor and program manager, has announced the formation and launch of a legacy insurance focused collateralised reinsurance sidecar named Gibson Re, which is being capitalised to the tune of roughly $300 million by investors. Gibson Re brings R&Q's read the full article →

R&Q marketing $500m Race Re collateralised legacy P&C sidecar

Randall & Quilter (R&Q) Investment Holdings, the specialist non-life insurance and reinsurance legacy investor and program manager, is proceeding with plans for a collateralised legacy P&C risk sidecar vehicle, marketing an up to $500 million structure to investors, Artemis has learned. Readers will be aware that Randall & Quilter (R&Q) has read the full article →