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 […]

NCM Re UK sidecar transaction renews at slightly larger $77m for Neon

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ORIGINAL PUBLICATION HERE Lloyd’s and Bermuda insurance and reinsurance company Neon Underwriting has successfully renewed its UK insurance-linked securities transaction, which is akin to a sidecar, with a slightly enlarged $77 million issuance of notes from the NCM Re (UK PCC) Ltd vehicle. Last year, Neon was the first to register and receive approval from […]

Munich Re & PGGM add $380m Leo Re 2019 private sidecar arrangement

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ORIGINAL PUBLICATION HERE Experienced insurance-linked securities (ILS) investor Dutch pension fund manager PGGM and global reinsurance firm Munich Re have now completed what appears to be the rest of their 2019 Leo Re Ltd. private sidecar arrangement, with another $380 million tranche of notes issued. In December PGGM’s Leo Re Ltd. collateralised reinsurance sidecar issued […]

Alturas Re sidecar launched at $55m for Fidelis

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ORIGINAL PUBLICATION HERE Alturas Re Ltd., a new fully collateralised reinsurance sidecar vehicle, has been launched and successfully capitalised to the tune of $55 million, which will benefit the sponsor of the vehicle which we’re told is Fidelis Insurance Holdings Limited. Fidelis Insurance Holdings Limited, the specialty focused insurance and reinsurance firm launched by Richard […]

Munich Re in $86.8m Eden Re II 2019 reinsurance sidecar issuance

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ORIGINAL PUBLICATION HERE German reinsurance giant Munich Re has completed its first placement of collateralised reinsurance sidecar notes for 2019, with the sponsorship and placement of an almost $86.8 million tranche of Series 2019-1 participating notes from its Eden Re II Ltd. sidecar vehicle. Munich Re has been tapping the capital markets for retrocessional reinsurance […]

PGGM in $20m Leo Re 2019 private sidecar transaction with Munich Re

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ORIGINAL PUBLICATION HERE Dutch pension fund manager PGGM has completed its first issuance of notes from its Leo Re Ltd. collateralised reinsurance sidecar for 2019, with a $20 million Series 2019-1 Class A tranche of notes issued which feature property catastrophe risk sourced from Munich Re. The Leo Re Ltd. series of private sidecar transactions […]

Credit Suisse ILS backed reinsurers affirmed, but catastrophes take toll

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ORIGINAL PUBLICATION HERE Both of the rated reinsurance vehicles that are managed by and backed by capital from the Credit Suisse Insurance Linked Strategies Ltd. team have had their ratings affirmed by A.M. Best, despite suffering losses from the catastrophe activity through 2018. Kelvin Re, a rated reinsurance company backed by investments from the Abu […]

ORIGINAL PUBLICATION HERE Peak Reinsurance Company Limited (Peak Re), the Hong Kong based global reinsurer that is majority backed by Fosun International, has completed a ground-breaking insurance-linked securities (ILS) transaction, successfully establishing and launching the first Asian reinsurance sidecar deal. Lion Rock Re Ltd. is a recently established Bermuda special purpose insurance (SPI) vehicle that has […]

One sidecar pulled on lack of investor appetite, others questioned on terms

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ORIGINAL PUBLICATION HERE One collateralised reinsurance sidecar transaction that had been lined up for the January 2019 renewals has been pulled due to a lack of appetite from investors, while at the same time other sidecar arrangements are now being questioned for changes being proposed to their terms, Artemis understands. It’s shaping up to be […]