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Chubb got first ABR Re fee sharing payment from Blackrock in 2020

Regular readers will know we like to cover any news on Chubb's total-return and third-party capitalised reinsurance joint-venture ABR Re, which we see as becoming increasingly strategically important to the insurer. ABR Reinsurance Capital Holdings Ltd., the parent and ABR Reinsurance Ltd. (ABR Re), the reinsurance underwriting company, was launched in read the full article →

Chubb’s ABR Re stake grows, importance as reinsurance capital rises

Chubb, the global primary insurance carrier and reinsurance company, has increased its ownership stake in its strategically important total-return and third-party capitalised reinsurance joint-venture ABR Re, as its importance as a reinsurance provider to the Chubb group continues to grow. ABR Reinsurance Capital Holdings Ltd., the parent and ABR Reinsurance Ltd. read the full article →

Arch gets Enstar onboard with increased offer for Watford Re

Arch Capital Group Ltd. looks set to secure the outright acquisition of its total-return reinsurance joint-venture Watford Re, after increasing its offer and gaining the support of key shareholder and rival bidder for Watford, legacy reinsurance solutions specialist Enstar Group. Back in October, legacy insurance and reinsurance specialist underwriter and investor read the full article →

Rosh Capital launches investment-oriented reinsurer Rosh Re with $600m

New York based asset manager Rosh Capital Management, LP has raised $600 million from a private family office to launch Rosh Re Ltd., a Bermuda based reinsurance company that will have an investment oriented approach. Rosh Capital Management had established a total-return or hedge fund focused reinsurance initiative back in 2018. It's read the full article →

Arch Capital to acquire Watford Re after increasing offer

Arch Capital Group Ltd. said today that it has reached an agreement with Watford Holdings Ltd., the holding company of total-return reinsurance company Watford Re to acquire the company for $31.10 per share, that values it at roughly $622 million. Arch had previously been reported to have offered $26.00 per share read the full article →

Enstar offers to acquire Watford Re

Bermuda domiciled re/insurance, run-off and legacy specialist underwriter and investor Enstar Group has made a formal approach to the board of Watford Re's holding company to acquire the total return focused reinsurance firm. According to a filing, Enstar has offered to acquire all of the ordinary shares of Watford Holdings Ltd., read the full article →

Chubb reports $1.8bn cat loss hit for Q2, $1.37bn from Covid-19

U.S. and global primary insurance carrier and reinsurance company Chubb, has pre-announced a massive just over $1.8 billion hit from global catastrophes and the Covid-19 pandemic for the second-quarter of the year, setting the stage for other large loss hits from major players. Chubb had previously said it would categorise the read the full article →

Chubb classifies Covid-19 as a catastrophe event

Chubb, the U.S. and global primary insurance carrier and reinsurance company, is classifying the Covid-19 pandemic as a catastrophe loss event and expects it to have a meaningful impact on earnings in the second-quarter. In announcing its first-quarter results yesterday, Chubb revealed just $13 million of pre-tax losses due to the read the full article →

Third Point Re in property cat boost, Malloy affirmed CEO, Sankaran joins board

Bermuda headquartered, hedge fund backed, global reinsurance firm Third Point Re has begun to benefit from its expansion into property catastrophe reinsurance underwriting, reporting a contribution to its results that helped to lower the combined ratio. Third Point Re has still reported a technical underwriting loss, as the combined ratio for read the full article →

Third Point Re – less hedge fund investing, more catastrophe underwriting

Bermuda headquartered, hedge fund backed reinsurance firm Third Point Re is pivoting further away from the longer-tailed underwriting, more active investment approach of its original strategy, as it embraces catastrophe risk once again. As one of the main proponents of the total return or hedge fund reinsurance strategy, Third Point Re read the full article →