Third-party reinsurance capital news

Watford Re, the investment-oriented, total return reinsurance joint venture run by Bermudian re/insurance group Arch Capital alongside asset manager Highbridge Principal Strategies, is planning to expand its operations in Europe with a move into the  Romanian insurance market, according to a report.

Florida’s Citizens Property Insurance Corporation is budgeting for a slightly harder reinsurance market in 2018, expecting to increase its risk transfer spend by approximately $7.3 million or 8%, but aiming to increase the amount of coverage it buys to $1.45 billion.

Daniel Brookman is taking over the role of Head of Alternative Capital at XL Catlin, having been promoted from SVP, Alternative Capital, now stepping up to fill the vacancy left by the recent departure of Craig Wenzel.

The impact on global reinsurance pricing that alternative, or third-party capital has had during its recent and impressive growth could be declining, as traditional market players have become more comfortable with the influential segment of the risk transfer space, according to industry experts.

Craig Wenzel, a well-known senior executive in the alternative reinsurance capital and insurance-linked securities (ILS) space, has departed from his current role at re/insurance giant XL Catlin to take up a position at private investment manager Gallatin Point Capital LLC.

When this year’s major hurricane losses struck the insurance-linked securities (ILS) market, the last thing on most investors minds was the relative performance of their investment managers. But now, with the picture of the eventual loss clearing, many ILS investors will for the first time be able to compare their ILS manager with others in […]

Welcome to the third annual Artemis ILS Bermuda Executive Roundtable in which participants discussed a mix of challenges and opportunities for the sector as it continues to expand its remit and push for growth, on the back of an extremely active loss year for sponsors and investors.

Alternative capital, insurance-linked securities (ILS) and collateralized reinsurance will maintain its influence on global reinsurance pricing, as a “key driver of the magnitude of future rate increases,” even after the recent major catastrophe losses and the trapping of collateral.

We’re pleased to reveal four more expert speakers, from GC Securities, HSBC Global Asset Management, Property Claim Services (PCS) and Mt. Logan Re Ltd., who have been added to the roster for our second conference in New York, Artemis ILS NYC 2018.

The use of collateralised sources of reinsurance and alternative reinsurance capital is providing a significant diversifying element to the protections adopted by United Kingdom insurers and Lloyd’s of London syndicates, according to information from the Bank of England.