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Aspen’s Silverton Re reinsurance sidecar notes add 11% in Q3

Global insurance and reinsurance firm Aspen’s collateralized reinsurance sidecar Silverton Re has seen the value of its long-term debt, which was issued to third-party investors, grow by approximately 11% in Q3 2015, from $76.2 million to $84.5 million. Aspen renewed the Silverton Re collateralized reinsurance sidecar for 2015, raising $70 million read the full article →

Aspen’s Silverton Re reinsurance sidecar notes up 7.8% in first-half

Global re/insurer Aspen’s collateralized reinsurance sidecar vehicle Silverton Re has seen its long-term debt, which was issued to third-party investors, increase in value from $70.7m at the start of the year to $76.2m at 30th June, a 7.8% increase. Aspen renewed its Silverton Re collateralized reinsurance sidecar for 2015 at the read the full article →

Property cat reinsurance “not as much fun as it was”, says Aspen CEO

With the current softened state of reinsurance rates and competitive pressures from well-capitalised reinsurers and growing insurance-linked securities players, the property catastrophe reinsurance market is "not as much fun as it was," according to Aspen CEO Chris O'Kane. The property catastrophe reinsurance space has become the peak zone of competition and read the full article →

Aspen cedes U.S. insurance to investors, hits $185m third-party AuM

Global insurance and reinsurance firm Aspen ceded a portion of its U.S. insurance business to third-party investors in its Aspen Capital Markets unit for the first time recently, while growing its third-party capital assets under management to $185m by the end of 2014. Aspen has been slowly developing its insurance-linked securities read the full article →

Aspen feels competition, to expand use of third-party capital

Global re/insurance firm Aspen felt the competition in reinsurance during 2014, forcing it to remain disciplined and non-renew some business at 1/1, but it expects to expand on its Aspen Capital Markets offerings and leverage its access to third-party capital in 2015. There's a bit of a trend emerging through the read the full article →

Aspen renews Silverton Re reinsurance sidecar with $85m for 2015

Global insurance and reinsurance firm Aspen said that its alternative capital management and insurance-linked securities (ILS) focused unit, Aspen Capital Markets, has renewed its Silverton Re collateralized reinsurance sidecar for 2015, with $85m of capital. Aspen originally launched the Silverton Re fully-collateralized sidecar, a Bermuda domiciled special purpose insurance vehicle, in read the full article →

Aspen Capital Markets to grow ILS assets, product range in 2015: O’Kane

Global insurance and reinsurance company Aspen  will look to increase the third-party capital under management at its Aspen Capital Markets unit and increase the range of products available to investors in 2015, according to CEO Chris O'Kane. Aspen Insurance Holdings launched its insurance-linked securities (ILS) and alternative reinsurance capital management unit read the full article →

Aspen’s Silverton Re sidecar nears $80m as third-party value grows

Global insurance and reinsurance firm Aspen’s collateralized reinsurance sidecar vehicle Silverton Re has increased the value of its long-term debt, which was issued to third-party investors, to $64.5m which is up 15% in the third-quarter. Added to the $15m of Aspen's capital which it contributed to the Silverton Re sidecar at read the full article →

Aspen Capital Markets a growth area. Third-party funds now $135m

Chris O'Kane, CEO of global insurance and reinsurance firm Aspen, said that the company's alternative capital management and insurance-linked securities (ILS) unit Aspen Capital Markets is a growth area and its third-party reinsurance capital has risen to $135m. Aspen's quarterly results were announced last week and during the firm's earnings call O'Kane read the full article →

Aspen’s Silverton Re reinsurance sidecar sees 12% performance YTD

Global insurance and reinsurance firm Aspen's collateralized reinsurance sidecar Silverton Re looks to have achieved 12% performance in the first six months of 2014, according to the firms quarterly results published yesterday. The Silverton Re sidecar is managed, along with other third-party reinsurance capital vehicles, at Aspen's alternative capital management and read the full article →