Blue Capital said that its 2018 returns for its New York-listed Global Reinsurance Fund would benefit from rate increases in the January renewals, as well as reinvesting trapped collateral that it expects to be freed up later this year.
Munich Re said that new large-volume treaties covering non-life reinsurance in the USA and Australia helped boost the volume of business it wrote in the January renewals by 19 percent to around EUR9.9bn ($12.3bn).
Insurance boutique merchant bank Kingsway Financial Services hopes to raise gross proceeds of $52mn from its new ILS fund, Insurance Income Strategies, according to an updated prospectus filing.
London-based insurer Barbican has announced that it will launch a property direct and facultative (D&F) underwriting platform in Bermuda, writing risk on behalf of the company's Lloyd's syndicate 1955.
