Formation of More ‘Class of 2020’ Reinsurers Unlikely September 25, 2020 By Susanne Sclafane The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company...
What Ever Happened to Hedge Fund Reinsurers? September 25, 2020 By Susanne Sclafane The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that...
Bermuda’s Re/Insurance Model to Be Tested Following U.S. Tax Cuts: Fitch January 26, 2018 By L.S. Howard The Bermuda re/insurance model will be tested following U.S. tax forms and the continuing challenges of competitive market conditions, according...
Hurricane Irma Adds to Pressure on New Greenlight Re Chief September 12, 2017 By Sonali Basak Hedge fund manager David Einhorn has endured a number of losing bets at his insurance venture. Now, the weather is...
Third Point Re Shuns M&As Because Many Such ‘Marriages’ End in Divorce October 20, 2016 By Sonali Basak and Jordyn Holman Third Point Reinsurance Ltd., co-founded by hedge-fund manager Dan Loeb, likened the risk of mergers and acquisitions to picking a...
CNO Financial Ends Ties with Beechwood Re, Sues Over Hedge Fund Exposure September 30, 2016 CNO Financial Group Inc. on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after...
Hedge Fund Insurers Struggle in Crowded Market with Poor Investment Results: S&P July 7, 2016 By Sonali Basak Hedge fund firms that set up reinsurance companies will struggle because too many rivals had the same idea and investment...
Buffett Has No Love for High-Priced Money Managers; Says Even a President Trump Couldn’t Derail U.S. Economy May 4, 2016 By Margaret Collins and Noah Buhayar Warren Buffett’s biggest investment tip: Be wary of fees. At the annual meeting of his Berkshire Hathaway Inc., the billionaire...
Hedge Funds Leery of Moves to Limit U.S. Reinsurance Tax Break March 3, 2016 By Katherine Chiglinsky and Sonali Basak Dan Loeb’s reinsurer cited risks tied to regulation as the Internal Revenue Service and U.S. Senator Ron Wyden work to...
Investors Now Betting Against Hedge Fund Reinsurers December 16, 2015 By Sonali Basak and Joseph Ciolli The shorts are targeting one of Wall Street’s best known short sellers. Bearish investors have piled on bets against a...