Goldman Survey: Insurers Favoring Private Equity Over Hedge Funds April 22, 2021 By Carolyn Cohn Insurers want to put more money into private equity this year while scaling back on hedge funds, a survey by...
Hedge Fund Collects $3 Billion in Bet on Wildfire Insurance Claims August 24, 2020 By Michael McDonald and Mark Chediak Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on...
Greenlight Re Reports Q1 Net Income of $28.7M in 1st Profit Since 2014 May 3, 2016 By Katherine Chiglinsky and Sonali Basak Greenlight Capital Re Ltd. posted a quarterly profit for the first time since 2014 on a rebound in the reinsurer’s...
Hedge Fund Managers Benefit from Fee-Paying Reinsurer Units April 12, 2016 By Simone Foxman and Sonali Basak Stock pops or stock drops, there’s always been at least one winner when it comes to Daniel Loeb’s reinsurance company:...
Third Point Re Reports 2015 Net Loss of $87.4M on Poor Investment Returns February 26, 2016 By Katherine Chiglinsky and Sonali Basak Third Point Reinsurance Ltd., which counts on Dan Loeb to oversee investments, swung to a profit in the fourth-quarter as...
Bermuda’s Validus Reports 2015 Net Income of $374.9M, vs. $480M in 2014 January 29, 2016 Bermuda-based Validus Holdings Ltd. reported net income available to Validus of $69.0 million, or $0.81 per diluted common share, for...
UBS Hedge Fund to Manage Money for Bermuda Reinsurer Launched by Enstar December 4, 2015 By Sonali Basak UBS O’Connor LLC, the $6 billion hedge-fund unit within Switzerland’s biggest bank, will manage money for a new Bermuda-based reinsurance...
Einhorn’s Greenlight Re May Gain $30.4M From China’s Currency Devaluation August 12, 2015 By Miles Weiss With U.S. equities declining in the wake of China’s currency devaluation, hedge fund manager David Einhorn may be one of...
Third Point Re Reports Q2 Net Income of $15.7M, 49.9% Decline From 2014 August 6, 2015 Third Point Reinsurance Ltd., headquartered in Bermuda, reported net income of $15.7 million, or $0.15 per diluted common share, for...
Timeline: Sweetened AXIS Bid Brings Battle for PartnerRe to Boiling Point July 20, 2015 The tussle between AXIS Capital Holdings Ltd. and EXOR SpA for control of Bermuda-based reinsurer PartnerRe Ltd. could be drawing...