third party capital

Investment bank Goldman Sachs has announced the closing of the private offering of shares in its reinsurance group, completing the sale process of a majority stake in the business. The private offering saw shares offered in the Global Atlantic Financial Group, which was formerly known as the Goldman Sachs Reinsurance Group and it includes the […]

The rapid growth of the convergence market, where reinsurance and the capital markets collide thanks to investors appetite for catastrophe reinsurance risk, has potentially significant implications for reinsurers, according to a report from rating agency Standard & Poor’s. While the growth of third-party capital in reinsurance is putting pressure on premium rates, it’s not all […]

According to a report in the Financial Times, Goldman Sachs has completed the sale of 75% of its reinsurance operations, Ariel Re, to investors through a private placement. Goldman Sachs only bought Ariel Re last year in an effort to profit more from reinsurance premiums and diversify away from its core investment banking business, but […]

Lancashire Holdings, a global provider of specialty insurance and reinsurance products, is launching a new brand which will lead its efforts in third-party capital management and give it a platform it can expand from to leverage new opportunities to attract and utilise third-party capital within its underwriting. Lancashire has a history of involvement in sidecar […]

The market and media were awash with rumours about investment bank Goldman Sachs planning to sell a majority stake in its reinsurance interests yesterday, rumours which were then confirmed by Goldman Sachs itself in its Q4 earnings call later in the day. Net revenue from Goldman Sachs Reinsurance Group was $1.08 billion in 2012, $317m […]

Another reinsurer is taking its first step into the third-party capital asset management arena by launching a vehicle dedicated to attracting investors capital to put it to use underwriting collateralized reinsurance business. Bermuda based Everest Re Group Ltd. announced the formation and launch of Bermuda domiciled special purpose reinsurer Mt. Logan Re, Ltd.  with $250m […]

At the key 1st January reinsurance renewals the global reinsurance industry capital base remained adequate thanks to an accelerating inflow of new capital, according to Willis Re in their report on the 1/1 renewals. The reinsurance broker said that thanks to inflows of capital and continued demand for catastrophe event risk as an asset class, […]