The Lloyd’s legacy business has been placed up for sale, along with other units....
Profits soar for Nephila syndicates 2357 and 2358
Follow-only specialty Syndicate 2358 has reported a profit in both years since its launch....
Follow-only specialty Syndicate 2358 has reported a profit in both years since its launch....
Article / 58 minutes ago
American Integrity 2024 IPO plans paused amid mounting Ian losses
Sources said preparations for a 2024 IPO were halted, but work could resume later this year....
Sources said preparations for a 2024 IPO were halted, but work could resume later this year....
Article / 29 days ago
Sidecar profit commissions needed to support market stability: ACP’s Tobben
Fierce competition for sidecar capacity at the 1 January renewal led to downward pressure on fees, including performance commissions, in a trend that Brian Tobben...
Fierce competition for sidecar capacity at the 1 January renewal led to downward pressure on fees, including performance commissions, in a trend that Brian Tobben...
Article / 2 months ago
Bernina Re commuted $2.5bn pre-2020 reserves as it turned 2022 profit
Credit Suisse ILS's Bermuda reinsurance vehicle Bernina Re commuted a $2.5bn limit portfolio related to 2019 and prior underwriting years last year, but...
Credit Suisse ILS's Bermuda reinsurance vehicle Bernina Re commuted a $2.5bn limit portfolio related to 2019 and prior underwriting years last year, but...
Article / 11 months ago
AlphaCat reports stable headline AuM amid Q3 investment loss
AIG reported stable third-party assets under management of $3.2bn for AlphaCat at the end of Q3, as it took an investment loss from its $100mn allocated to the ILS platform’s funds....
AIG reported stable third-party assets under management of $3.2bn for AlphaCat at the end of Q3, as it took an investment loss from its $100mn allocated to the ILS platform’s funds....
Article / 1 year ago
UPC ceded losses jump 41% on quota share use in 2021, as other-perils cover hit
Florida insurer United Insurance Holdings (UPC Insurance) reported an increase in ceded losses in 2021 as it made more use of quota...
Florida insurer United Insurance Holdings (UPC Insurance) reported an increase in ceded losses in 2021 as it made more use of quota...
Article / 2 years ago
Florida Q4 figures show trend for higher ceded premium
Performance at the top five Florida insurers in Q4 2021 reinforced the general sense of turbulence in the market...
Performance at the top five Florida insurers in Q4 2021 reinforced the general sense of turbulence in the market...
Article / 2 years ago
Heritage falls to $49.2mn Q4 loss on $60.5mn goodwill write-down
Heritage fell to a Q4 net loss of $49.2mn, compared to net income of $2.8mn in Q4 2020, after taking a $60.5mn goodwill...
Heritage fell to a Q4 net loss of $49.2mn, compared to net income of $2.8mn in Q4 2020, after taking a $60.5mn goodwill...
Article / 2 years ago
FedNat takes $12mn hit from Q4 cat losses, reserve strengthening
FedNat’s fourth quarter net income will be hit by $8mn of net catastrophe weather losses, as well as $4mn in reserve reserve strengthening, the Floridian insurer has announced...
FedNat’s fourth quarter net income will be hit by $8mn of net catastrophe weather losses, as well as $4mn in reserve reserve strengthening, the Floridian insurer has announced...
Article / 2 years ago
Mixed impact on ILS fees to date, but 2021 losses will earn through
Reinsurer-ILS platforms posted a mixed set of results for fee income in 2021, as some carriers maintained revenue while others were dented by falling assets under management (AuM)...
Reinsurer-ILS platforms posted a mixed set of results for fee income in 2021, as some carriers maintained revenue while others were dented by falling assets under management (AuM)...
Article / 2 years ago