FULL ORIGINAL PUBLICATION HERE The Oxbridge Re NS Ltd. fully collateralized reinsurance sidecar vehicle sponsored by Cayman Islands based reinsurance firm Oxbridge Re Ltd. has avoided losses from all of the recent global catastrophe loss events. The Oxbridge Re NS quota share reinsurance sidecar has managed to avoid any impact from events including the Japanese […]

ORIGINAL PUBLICATION HERE NB Reinsurance, a Bermuda-based issuer of ILS, has completed an offering of 19,231 non-voting preferred shares on BSX, effective June 3, 2019. The shares were issued at $1,000.00 per share, to raise $19.2m. Clarien BSX Services acted as listing sponsor, while Conyers Dill & Pearman served as legal advisor. Horseshoe Group acts […]

Palomar raises IPO ambitions, aims for $97m to $110m

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ORIGINAL PUBLICATION HERE Speciality California-based catastrophe exposed property insurer Palomar Insurance Holdings has raised its target for an impending Nasdaq initial public offering (IPO), hoping to raise as much as $110 million at the top-end of its share price estimates. Palomar Insurance Holdings had been targeting an IPO capital raise of around $50 million, to […]

Palomar seeks $50m IPO, will repay Fermat & Cohen debt investments

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ORIGINAL PUBLICATION HERE Palomar Insurance Holdings, the speciality California-based insurer that provides largely catastrophe exposed property covers, as seeking to raise $50 million in a Nasdaq initial public offering (IPO), adding to the $20 million it raised in a debt issuance invested in by ILS specialists Fermat Capital Management and investor Cohen & Company. Palomar […]

Watford Re IPO’s on Nasdaq at discount to book value

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ORIGINAL PUBLICATION HERE Watford Holdings Ltd., the parent company to Arch Capital and Highbridge Principal Strategies backed investment oriented or total-return style reinsurance firm Watford Re, successfully completed its initial public offering (IPO) on the Nasdaq. Watford Re is a valuable component of Bermudian insurance and reinsurance firm Arch Capital’s strategy to embrace third-party capital, […]

Watford Re, investment oriented reinsurer backed by Arch, targets IPO

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ORIGINAL PUBLICATION HERE Watford Holdings Ltd., the Arch Capital and Highbridge Principal Strategies backed parent to investment oriented or total-return style reinsurance firm Watford Re, has filed for an initial public offering (IPO) on the Nasdaq. Watford Re has become a valuable component to Bermudian insurance and reinsurance firm Arch Capital’s strategy to embrace third-party […]

Oxbridge Re expects sidecar support for wildfire & Michael losses in Q4

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ORIGINAL PUBLICATION HERE Cayman Islands based reinsurance firm Oxbridge Re Ltd. said that its fully collateralized reinsurance sidecar vehicle Oxbridge Re NS Ltd. will support the firms losses from both hurricane Michael and the California wildfires in Q4 2018. Oxbridge Re said that it now expects to suffer a $6 million impact from catastrophe losses […]

Sidecar diversifies revenue streams for Oxbridge Re: CEO Madhu Share

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ORIGINAL PUBLICATION HERE The Chairman and Chief Executive Officer (CEO) of collateralised reinsurer Oxbridge Re Ltd., Jay Madhu, explained that the firm’s recently launched sidecar vehicle diversifies its revenue streams and risk. Oxbridge Re announced plans for its sidecar vehicle, Oxbridge Re NS Ltd., in late 2017 after registering the company in the Cayman Islands in […]

IPO target halved for Kingsway / 1347 backed Insurance Income Strategies

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ORIGINAL PUBLICATION HERE The target for the initial public offering (IPO) and first capital raise for Insurance Income Strategies Ltd., the listed industry-loss warranty (ILW) focused insurance-linked securities (ILS) and collateralized reinsurance fund backed by 1347 Advisors and Kinsgway Financial, has been halved. Last October we covered the initial filings for the new ILS fund […]

Watford Re exploring potential for IPO and listing

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ORIGINAL PUBLICATION HERE An initial public offering (IPO) could be on the cards for Watford Re, the third-party capital backed total-return reinsurance venture part-owned by Bermudian specialist re/insurer Arch Capital and asset manager Highbridge Principal Strategies, as its parent holding company said it was evaluating options for a listing. Watford Re was launched back in […]