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Another start-up has joined the ranks of carriers targeting the fronting market for US primary business, which will be led by former Third Point Re executives Tony Urban and Shane Haverstick
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AM Best has given a B++ rating to Somerset Re, a new Bermuda-based life and annuity reinsurer partly backed by high net worth investors and private equity firm Atlas Merchant Re
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United Insurance Holdings (UIHC) has agreed to a five-year restrictive covenant that will prohibit it from investing or acquiring managing general agencies (MGAs) as part of its deal to purchase American Coastal
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Average ILS fund returns reached 0.42 percent in October, according to the Eurekahedge ILS Advisers Index, after Hurricane Matthew had a small impact on several funds that invest in private reinsurance instruments
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The New Zealand Super Fund maintained its reinsurance allocation at about $200mn in 2016, according to its annual report
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The London-listed Blue Capital Global Reinsurance fund recorded a 0.2 percent drop in net asset value over October, as it took $6.8mn of losses that were primarily linked to Hurricane Matthew
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The $49bn Pennsylvania Public School Employees' Retirement System (PSERS) pension fund selected RenaissanceRe as its third ILS manager in the 2015-2016 financial year, according to its annual report.
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Bermudian Class 3 insurer Iris Reinsurance is to publicly report its net asset value (NAV) on a monthly basis, the company announced.
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Future Fund prepares for reinsurance scale; Leadenhall targets US investors; PSERS returns
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Third quarter returns from a group of ILS funds tracked by Trading Risk were stable year-on-year.
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Indicative reinsurer sidecar returns for 2016 have dropped into the single-digit range, highlighting the impact of catastrophe losses recorded earlier this year
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Hedge fund manager Elliott Management Corporation plans to hold onto its investment in Aeolus Capital Management "for a long time", the Bermudian ILS manager's founder Peter Appel told Trading Risk.
