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Enstar eliminating catastrophe exposure with shuttering of Enhanzed Re JV

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). Enhanzed Re was launched as a three-way joint-venture between Enstar Group, global insurer Allianz SE and investment manager Hillhouse Capital Management. The joint-venture was read the full article →

Chubb’s ABR Re raises $210m, adding new investment manager

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. The move takes ABR read the full article →

Chubb’s ABR Re reinsurance rises in 2021, fees & value also increase

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 read the full article →

Enstar buys back Hillhouse’s stake in itself and in Enhanzed Re

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. Enstar said it has agreed with Hillhouse to repurchase 3,749,400 ordinary shares of Enstar for $234.52 read the full article →

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 →