The January renewals period show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings said. The main beneficiaries are likely to be the financially strongest reinsurers …
StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced a joint venture partnership with Malakite Underwriting Partners Ltd., a managing general agent in Dubai, subject to regulatory approval. Led by managing partner Giles Hussey, Malakite will target …
Enstar Group Ltd. has launched KaylaRe Ltd., a Bermuda-based Class 4 reinsurer, offering a diversified range of specialty reinsurance to the global insurance market. KaylaRe launches with initial capital of $620 million, backed by a $300 million investment from Enstar; …
StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced the creation of an underwriting capability in Australia. The new hub will operate alongside Enstar’s existing Australian operation, subject to regulatory approval. StarStone Australia will be led by …
Allianz SE, Europe’s biggest insurer, struck a deal to limit risks in the U.S. by transferring policy obligations to reinsurer Enstar Group Ltd. Enstar will assume net reinsurance reserves of about $1.1 billion and cover half of a book of …
UBS O’Connor LLC, the $6 billion hedge-fund unit within Switzerland’s biggest bank, will manage money for a new Bermuda-based reinsurance company formed by insurer Enstar Group Ltd. Aligned Re Ltd. is expected to be funded by third-party capital along with …
