Hannover Ruckversich (HVRRY) 50.5500 $HVRRY
ILS Funds Return 0.2% In March, With Cat Bond Funds Performing Worst
Steve Evans - Seeking Alpha - Fri May 08, 2:41PM CDT
The average return across a group of 34 insurance-linked securities (ILS), reinsurance linked investment and pure catastrophe bond funds fell to 0.2% in March, the second lowest return for the month on record, as pure cat bond funds suffered from...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
RenaissanceRe Disciplined On Catastrophe Reinsurance, Third-Party Capital Drops
Steve Evans - Seeking Alpha - Fri May 08, 1:24PM CDT
Bermudian reinsurance firm and third-party capital management specialist RenaissanceRe continued to display its disciplined approach to market conditions, pulling back further on catastrophe reinsurance underwriting across managed and owned premiums....
RNR: 104.60 (-0.40), TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Allstate Secures 7-Year Sanders In Traditional Reinsurance Market
Steve Evans - Seeking Alpha - Fri May 08, 1:13PM CDT
U.S. primary insurance group Allstate successfully turned to the traditional reinsurance market to purchase 7-year coverage that it failed to secure from the capital markets with its recently dropped Sanders Re 2015-1 catastrophe bond. Allstate...
TPRE: 14.50 (-0.17), ALL: 67.60 (-0.04), GLRE: 29.87 (+0.07)
Heritage Cites Florida Hurricane Catastrophe Fund Savings Due To Citrus Re 2015 Cat Bond
Steve Evans - Seeking Alpha - Fri May 08, 11:31AM CDT
Heritage Property & Casualty Insurance Co. is pleased with the pricing of its $277.5m three tranche Citrus Re Ltd. (Series 2015-1) catastrophe bond, which has enabled the insurer to save money by reducing its reliance on the Florida Hurricane...
TPRE: 14.50 (-0.17), HRTG: 20.72 (-0.53), GLRE: 29.87 (+0.07)
Jardine Lloyd Thompson Capital Markets Facilitates $10M Market Re 2015-1 Private Cat Bond
Steve Evans - Seeking Alpha - Fri May 08, 11:24AM CDT
Jardine Lloyd Thompson Capital Markets (JLTCM) Inc. ( OTC:LLTHF , OTC:LLTHY ), part of the JLT Re global reinsurance brokerage, has announced the completion of the latest privately placed catastrophe bond it has facilitated with a $10m ...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Lloyd's Players Attractive To Bermudian Reinsurance Deal Seekers: RBC
Steve Evans - Seeking Alpha - Fri May 08, 9:51AM CDT
As the softened market environment continues to fuel merger & acquisition (M&A) activity in the global insurance and reinsurance sector, RBC Capital Markets (RBC) explores the appealing benefits a Lloyd’s participant offers...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Reinsurance Margins Near Pricing Tipping Point: John Charman
Steve Evans - Seeking Alpha - Fri May 08, 9:39AM CDT
Reinsurance renewal pricing is nearing a floor and the market for catastrophe risks in particular is approaching the point on pricing beyond which underwriters will not go, according to Endurance Specialty Holdings (NYSE: ENH ) CEO John Charman, ...
MRH: 38.62 (+0.01), TPRE: 14.50 (-0.17), ENH: 62.21 (-0.02), GLRE: 29.87 (+0.07)
Increasing Reinsurance Capacity Still Matched By Demand: Munich Re
Steve Evans - at Seeking Alpha - Fri May 08, 9:28AM CDT
The strongly increasing supplies of primary insurance and reinsurance capacity continue to be matched with growing demand that has yet to be exhausted, according to the world’s largest reinsurer Munich Re. While the expected pressure on...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Alleghany Profit From ILS Relationship With Pillar Capital Up In Q1
Steve Evans - at Seeking Alpha - Fri May 08, 9:05AM CDT
Year-on-year, insurance and reinsurance holding company Alleghany Corporation (NYSE: Y ) saw an increased Q1 profit contribution from its investment and strategic partnership in insurance and reinsurance linked specialist ILS asset manager Pillar...
TPRE: 14.50 (-0.17), Y: 481.00 (-6.71), GLRE: 29.87 (+0.07)
Soft Market, Third-Party Capital Top Reinsurance Survey Concerns: Xuber
Steve Evans - Seeking Alpha - Fri May 08, 8:52AM CDT
A new survey of global reinsurance professionals has found that the top concerns and challenges that the industry faces are the ongoing soft market conditions as well as the threat posed by third-party reinsurance and ILS capital. Respondents to...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Long Point Re III 2015 Cat Bond Set To Upsize, Price Guidance Narrows
Steve Evans - Seeking Alpha - Wed May 06, 4:55PM CDT
U.S. primary insurer Travelers' (NYSE: TRV ) latest catastrophe bond transaction, Long Point Re III Ltd. (Series 2015-1) , is set to upsize to as much as $300m, according to sources, while the price guidance has been narrowed towards the upper end...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07), TRV: 102.68 (-0.07)
Property Cat Reinsurance 'Not As Much Fun As It Was,' Says Aspen CEO
Steve Evans - Seeking Alpha - Wed May 06, 4:49PM CDT
With the current softened state of reinsurance rates and competitive pressures from well-capitalized reinsurers and growing insurance-linked securities players, the property catastrophe reinsurance market is "not as much fun as it was,"...
AHL: 47.00 (-0.15), TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Collateralized Reinsurance Contribution Up Again At Montpelier Re In Q1
Steve Evans - Seeking Alpha - Wed May 06, 4:31PM CDT
Bermudian reinsurance firm Montpelier Re (NYSE: MRH ), in the midst of being acquired by Endurance (NYSE: ENH ), has maintained its collateralized reinsurance underwriting activities through Q1 as the contribution from its Blue Capital unit grew as...
MRH: 38.62 (+0.01), TPRE: 14.50 (-0.17), ENH: 62.21 (-0.02), GLRE: 29.87 (+0.07)
Generali's Lion I Re Cat Bond Gets A Little More Risky After Reset
Steve Evans - Seeking Alpha - Wed May 06, 4:23PM CDT
The Lion I Re Ltd. catastrophe bond from European headquartered insurer Assicurazioni Generali S.p.A. ( OTCPK:ARZGY ) has got a little bit riskier for its investors, after the sponsor elected to increase the risk level slightly at the recent annual...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Buffett Bemoans Reinsurance Becoming A 'Fashionable Asset Class'
Steve Evans - at Seeking Alpha - Tue May 05, 1:33PM CDT
Warren Buffett is none too happy that reinsurance has become what he termed a "fashionable asset class," as the fact that investors are increasingly attracted to the space has damaged his insurance and reinsurance businesses returns. At...
TPRE: 14.50 (-0.17), BRK.B: 145.26 (-0.52), BRK.A: 218,640.00 (-630.00), GLRE: 29.87 (+0.07)
Catastrophe Losses Rising In Australia, ICA Declares Fifth Cat Of 2015
Steve Evans - Seeking Alpha - Tue May 05, 1:15PM CDT
Insurance industry losses from severe weather events deemed catastrophes in Australia continue to rise, with a fifth event for 2015 being added thanks to another severe east coast storm that impacted Queensland and New South Wales. The Insurance...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Fosun Bids To Buy The 80% Of Ironshore It Does Not Own
Steve Evans - at Seeking Alpha - Tue May 05, 1:03PM CDT
Fosun International Limited ( OTCPK:FOSUY ) is taking steps to increase the contribution of insurance and reinsurance to its business, bidding to buy the rest of re/insurer Ironshore (Pending: IRSH ) as it seeks to become an insurance-oriented...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Blue Capital Re Beats Estimates
Steve Evans - Seeking Alpha - Sat May 02, 4:00AM CDT
Blue Capital Reinsurance Holdings Ltd. (NYSE: BCRH ), the NY stock exchange listed collateralized reinsurance subsidiary of Bermuda-based Montpelier Re (NYSE: MRH ), beat analysts' expectations in its results announcement yesterday. The reinsurer,...
MRH: 38.62 (+0.01), BCRH: 17.99 (-0.01), TPRE: 14.50 (-0.17), ENH: 62.21 (-0.02), GLRE: 29.87 (+0.07)
As Competition Intensifies ILS Fund Managers Differentiate: WCMA
Steve Evans - at Seeking Alpha - Thu Apr 30, 6:53PM CDT
Competition between specialist insurance-linked securities (ILS) and reinsurance linked investment fund managers is intensifying, resulting in a need to differentiate the product offering both for investors and cedents, according to WCMA. Investor...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
No Let-Up On Reinsurance Capacity, New Inflows Expected: Flandro, JLT Re
Steve Evans - at Seeking Alpha - Thu Apr 30, 6:36PM CDT
David Flandro, Executive Vice President at reinsurance broker JLT Re, said he expects to see continued growth of overall reinsurance capacity at the upcoming June 1 renewals, resulting in more price declines, and that further inflows from capital...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
ILS Funds Return 0.2% In March, With Cat Bond Funds Performing Worst
Steve Evans - Seeking Alpha - Fri May 08, 2:41PM CDT
The average return across a group of 34 insurance-linked securities (ILS), reinsurance linked investment and pure catastrophe bond funds fell to 0.2% in March, the second lowest return for the month on record, as pure cat bond funds suffered from...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
RenaissanceRe Disciplined On Catastrophe Reinsurance, Third-Party Capital Drops
Steve Evans - Seeking Alpha - Fri May 08, 1:24PM CDT
Bermudian reinsurance firm and third-party capital management specialist RenaissanceRe continued to display its disciplined approach to market conditions, pulling back further on catastrophe reinsurance underwriting across managed and owned premiums....
RNR: 104.60 (-0.40), TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Allstate Secures 7-Year Sanders In Traditional Reinsurance Market
Steve Evans - Seeking Alpha - Fri May 08, 1:13PM CDT
U.S. primary insurance group Allstate successfully turned to the traditional reinsurance market to purchase 7-year coverage that it failed to secure from the capital markets with its recently dropped Sanders Re 2015-1 catastrophe bond. Allstate...
TPRE: 14.50 (-0.17), ALL: 67.60 (-0.04), GLRE: 29.87 (+0.07)
Heritage Cites Florida Hurricane Catastrophe Fund Savings Due To Citrus Re 2015 Cat Bond
Steve Evans - Seeking Alpha - Fri May 08, 11:31AM CDT
Heritage Property & Casualty Insurance Co. is pleased with the pricing of its $277.5m three tranche Citrus Re Ltd. (Series 2015-1) catastrophe bond, which has enabled the insurer to save money by reducing its reliance on the Florida Hurricane...
TPRE: 14.50 (-0.17), HRTG: 20.72 (-0.53), GLRE: 29.87 (+0.07)
Jardine Lloyd Thompson Capital Markets Facilitates $10M Market Re 2015-1 Private Cat Bond
Steve Evans - Seeking Alpha - Fri May 08, 11:24AM CDT
Jardine Lloyd Thompson Capital Markets (JLTCM) Inc. ( OTC:LLTHF , OTC:LLTHY ), part of the JLT Re global reinsurance brokerage, has announced the completion of the latest privately placed catastrophe bond it has facilitated with a $10m ...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Lloyd's Players Attractive To Bermudian Reinsurance Deal Seekers: RBC
Steve Evans - Seeking Alpha - Fri May 08, 9:51AM CDT
As the softened market environment continues to fuel merger & acquisition (M&A) activity in the global insurance and reinsurance sector, RBC Capital Markets (RBC) explores the appealing benefits a Lloyd’s participant offers...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Reinsurance Margins Near Pricing Tipping Point: John Charman
Steve Evans - Seeking Alpha - Fri May 08, 9:39AM CDT
Reinsurance renewal pricing is nearing a floor and the market for catastrophe risks in particular is approaching the point on pricing beyond which underwriters will not go, according to Endurance Specialty Holdings (NYSE: ENH ) CEO John Charman, ...
MRH: 38.62 (+0.01), TPRE: 14.50 (-0.17), ENH: 62.21 (-0.02), GLRE: 29.87 (+0.07)
Increasing Reinsurance Capacity Still Matched By Demand: Munich Re
Steve Evans - at Seeking Alpha - Fri May 08, 9:28AM CDT
The strongly increasing supplies of primary insurance and reinsurance capacity continue to be matched with growing demand that has yet to be exhausted, according to the world’s largest reinsurer Munich Re. While the expected pressure on...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Alleghany Profit From ILS Relationship With Pillar Capital Up In Q1
Steve Evans - at Seeking Alpha - Fri May 08, 9:05AM CDT
Year-on-year, insurance and reinsurance holding company Alleghany Corporation (NYSE: Y ) saw an increased Q1 profit contribution from its investment and strategic partnership in insurance and reinsurance linked specialist ILS asset manager Pillar...
TPRE: 14.50 (-0.17), Y: 481.00 (-6.71), GLRE: 29.87 (+0.07)
Soft Market, Third-Party Capital Top Reinsurance Survey Concerns: Xuber
Steve Evans - Seeking Alpha - Fri May 08, 8:52AM CDT
A new survey of global reinsurance professionals has found that the top concerns and challenges that the industry faces are the ongoing soft market conditions as well as the threat posed by third-party reinsurance and ILS capital. Respondents to...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Long Point Re III 2015 Cat Bond Set To Upsize, Price Guidance Narrows
Steve Evans - Seeking Alpha - Wed May 06, 4:55PM CDT
U.S. primary insurer Travelers' (NYSE: TRV ) latest catastrophe bond transaction, Long Point Re III Ltd. (Series 2015-1) , is set to upsize to as much as $300m, according to sources, while the price guidance has been narrowed towards the upper end...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07), TRV: 102.68 (-0.07)
Property Cat Reinsurance 'Not As Much Fun As It Was,' Says Aspen CEO
Steve Evans - Seeking Alpha - Wed May 06, 4:49PM CDT
With the current softened state of reinsurance rates and competitive pressures from well-capitalized reinsurers and growing insurance-linked securities players, the property catastrophe reinsurance market is "not as much fun as it was,"...
AHL: 47.00 (-0.15), TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Collateralized Reinsurance Contribution Up Again At Montpelier Re In Q1
Steve Evans - Seeking Alpha - Wed May 06, 4:31PM CDT
Bermudian reinsurance firm Montpelier Re (NYSE: MRH ), in the midst of being acquired by Endurance (NYSE: ENH ), has maintained its collateralized reinsurance underwriting activities through Q1 as the contribution from its Blue Capital unit grew as...
MRH: 38.62 (+0.01), TPRE: 14.50 (-0.17), ENH: 62.21 (-0.02), GLRE: 29.87 (+0.07)
Generali's Lion I Re Cat Bond Gets A Little More Risky After Reset
Steve Evans - Seeking Alpha - Wed May 06, 4:23PM CDT
The Lion I Re Ltd. catastrophe bond from European headquartered insurer Assicurazioni Generali S.p.A. ( OTCPK:ARZGY ) has got a little bit riskier for its investors, after the sponsor elected to increase the risk level slightly at the recent annual...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Buffett Bemoans Reinsurance Becoming A 'Fashionable Asset Class'
Steve Evans - at Seeking Alpha - Tue May 05, 1:33PM CDT
Warren Buffett is none too happy that reinsurance has become what he termed a "fashionable asset class," as the fact that investors are increasingly attracted to the space has damaged his insurance and reinsurance businesses returns. At...
TPRE: 14.50 (-0.17), BRK.B: 145.26 (-0.52), BRK.A: 218,640.00 (-630.00), GLRE: 29.87 (+0.07)
Catastrophe Losses Rising In Australia, ICA Declares Fifth Cat Of 2015
Steve Evans - Seeking Alpha - Tue May 05, 1:15PM CDT
Insurance industry losses from severe weather events deemed catastrophes in Australia continue to rise, with a fifth event for 2015 being added thanks to another severe east coast storm that impacted Queensland and New South Wales. The Insurance...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Fosun Bids To Buy The 80% Of Ironshore It Does Not Own
Steve Evans - at Seeking Alpha - Tue May 05, 1:03PM CDT
Fosun International Limited ( OTCPK:FOSUY ) is taking steps to increase the contribution of insurance and reinsurance to its business, bidding to buy the rest of re/insurer Ironshore (Pending: IRSH ) as it seeks to become an insurance-oriented...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
Blue Capital Re Beats Estimates
Steve Evans - Seeking Alpha - Sat May 02, 4:00AM CDT
Blue Capital Reinsurance Holdings Ltd. (NYSE: BCRH ), the NY stock exchange listed collateralized reinsurance subsidiary of Bermuda-based Montpelier Re (NYSE: MRH ), beat analysts' expectations in its results announcement yesterday. The reinsurer,...
MRH: 38.62 (+0.01), BCRH: 17.99 (-0.01), TPRE: 14.50 (-0.17), ENH: 62.21 (-0.02), GLRE: 29.87 (+0.07)
As Competition Intensifies ILS Fund Managers Differentiate: WCMA
Steve Evans - at Seeking Alpha - Thu Apr 30, 6:53PM CDT
Competition between specialist insurance-linked securities (ILS) and reinsurance linked investment fund managers is intensifying, resulting in a need to differentiate the product offering both for investors and cedents, according to WCMA. Investor...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
No Let-Up On Reinsurance Capacity, New Inflows Expected: Flandro, JLT Re
Steve Evans - at Seeking Alpha - Thu Apr 30, 6:36PM CDT
David Flandro, Executive Vice President at reinsurance broker JLT Re, said he expects to see continued growth of overall reinsurance capacity at the upcoming June 1 renewals, resulting in more price declines, and that further inflows from capital...
TPRE: 14.50 (-0.17), GLRE: 29.87 (+0.07)
