Watford Re

Watford Re, the investment-oriented, hedge fund partnered, hybrid strategy reinsurance joint venture vehicle operated by Bermudian re/insurance group Arch Capital alongside asset manager Highbridge Principal Strategies, achieved one of its targets in the last quarter, getting the combined ratio under 100%.

Watford Re, the hedge fund or investment-oriented, hybrid strategy reinsurance joint venture vehicle operated by Bermudian re/insurance group Arch Capital alongside asset manager Highbridge Principal Strategies, gained further scale in the second-quarter.

Watford Re, the hedge fund style hybrid reinsurance joint venture vehicle operated by Bermudian insurance and reinsurance group Arch Capital alongside asset manager Highbridge, is now up to in excess of $400m of gross premiums written.

The fourth-quarter results from Bermudian insurance and reinsurance group Arch Capital show that its hedge fund style reinsurer venture Watford Re made good progress towards its target sub-100 combined ratio in its first year.

The latest quarterly results from Bermuda-based insurance and reinsurance group Arch Capital show that its new venture Watford Re, the sidecar-style, third-party financed, hedge fund style reinsurer, has improved its performance in the last quarter.

In its recently published alternative reinsurance market update, Fitch Ratings highlights potential concerns over recently formed casualty risk focused part-sidecar, part-third-party capital vehicle, part-hedge fund strategy reinsurer Watford Re.

The first full quarter of business for the 2014 launch hybrid-strategy reinsurance company Watford Re sees a negative result, as the part-sidecar, part-third-party capital vehicle, part-hedge fund strategy reinsurer, saw high expense and loss ratios dent performance.

Recently launched, hybrid-strategy reinsurance company Watford Re has begun operations in the first quarter of 2014 with an expected sidecar-style transaction as part-owners Arch Capital Group ceded $32.2m of premiums written to the reinsurer.

The CEO of newly launched, hybrid-strategy reinsurance company Watford Re has said in a recent interview that investors were ‘overwhelmingly receptive’ to the ‘creative’ structure of the reinsurance startup.

Watford Holdings Ltd., the parent of start-up and wholly owned reinsurance subsidiary Watford Re Ltd., has announced that it successfully raised $1.13 billion of capital including $100m from Arch Capital Group Ltd.