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RenaissanceRe has confirmed it set up the $140mn Fibonacci Re vehicle, which was established in Bermuda in late December, to provide it with more property catastrophe capacity.
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Willis Capital Markets & Advisory's private cat bond platform Resilience Re has completed a $187mn deal, its largest transaction so far.
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A few overarching themes continue to shape the reinsurance segment as 2017 begins, including excess capital, a squeeze on margins and an active M&A market as carriers reach for growth.
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Hedge fund manager Elliott Management has completed its acquisition of a majority stake in insurance-linked securities manager Aeolus, sister publication Trading Risk reported.
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Brit has renewed and increased the collateralised reinsurance capacity provided by its Versutus sidecar by 33 percent, it announced today
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Reinsurance capital increased by 5.3 percent to $595bn through the first nine months of 2016 in a turnaround from the 2 percent decline recorded for the full-year 2015, according to an Aon Benfield report following the 1 January renewals
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Third Point Re's investment management arm Third Point LLC has posted a return of 0.5 percent for December, taking the year-to-date result to 4.3 percent
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RenaissanceRe has set up a new $140mn reinsurance sidecar dubbed Fibonacci Re, which will write property catastrophe business.
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Cat bond issuance volumes continued to decline in 2016, which led to bargains for some sponsors as the year progressed.
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A $200mn reinsurance vehicle, Leo Re, has listed on the Bermuda Stock Exchange (BSX) in time for the 1 January renewals
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American Strategic Insurance has told investors that 2016 storm losses covered by its Gator Re cat bond have reached $195mn, surpassing the bond's $175mn trigger point, sister title Trading Risk understands
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The chief executive of Pro Global, which has agreed to sell its services company to a private equity house, said the new owner plans to invest in further growth.
