Total return reinsurer

Global re/insurer Chubb has continued to bring its total-return and third-party capitalised reinsurance joint-venture ABR Re firmly to the centre of its reinsurance arrangements, with the amount of risk ceded to ABR Re increasing again in 2022.

Despite the book of largely aggregate excess-of-loss catastrophe reinsurance business having faced its share of losses in recent years, Bermuda domiciled re/insurance, run-off and legacy specialist Enstar Group has made a gain on the commutation of the Enhanzed Reinsurance Ltd. (Enhanzed Re) cat book with joint-venture partner Allianz.

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).

ABR Reinsurance Capital Holdings Ltd., the parent to Chubb’s strategically important total-return and third-party capitalised reinsurance joint-venture ABR Re, has raised an additional $210 million of capital thanks to an equity investment from a new investment manager that will also manage a portion of the reinsurers assets.

Chubb, the global primary insurance carrier and reinsurance company, once again shows the growing importance of strategically important total-return and third-party capitalised reinsurance joint-venture ABR Re, as the amount of premiums it ceded to the vehicle rose, alongside the fee income it earned back and the valuation of its stake in the vehicle.

Bermuda domiciled re/insurance, run-off and legacy specialist Enstar Group has bought back its shares and a stake in its joint-venture reinsurer, Enhanzed Reinsurance Ltd. (Enhanzed Re), that were held by investment manager Hillhouse Capital Management.

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.

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.

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.

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.