hedge fund reinsurers News

Bermuda’s Re/Insurance Model to Be Tested Following U.S. Tax Cuts: Fitch

The Bermuda re/insurance model will be tested following U.S. tax forms and the continuing challenges of competitive market conditions, according to a report by Fitch Ratings. The cut in the U.S. corporate tax rate to 21 percent from 35 percent …

Hurricane Irma Adds to Pressure on New Greenlight Re Chief

Hedge fund manager David Einhorn has endured a number of losing bets at his insurance venture. Now, the weather is becoming a threat for his Greenlight Capital Re Ltd. The company’s stock has slumped about 9 percent since Aug. 31 …

Third Point Re Shuns M&As Because Many Such ‘Marriages’ End in Divorce

Third Point Reinsurance Ltd., co-founded by hedge-fund manager Dan Loeb, likened the risk of mergers and acquisitions to picking a spouse without being aware of how much can go wrong. “Just like marriage, in M&A the 20 percent that work …

CNO Financial Ends Ties with Beechwood Re, Sues Over Hedge Fund Exposure

CNO Financial Group Inc. on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant with insurance company guidelines because of …

Hedge Fund Insurers Struggle in Crowded Market with Poor Investment Results: S&P

Hedge fund firms that set up reinsurance companies will struggle because too many rivals had the same idea and investment results have been disappointing, according to a report from S&P Global Ratings. Money managers entered the reinsurance business to gain …

Buffett Has No Love for High-Priced Money Managers; Says Even a President Trump Couldn’t Derail U.S. Economy

Warren Buffett’s biggest investment tip: Be wary of fees. At the annual meeting of his Berkshire Hathaway Inc., the billionaire warned about the enduring risk of derivatives, defended stocks in his portfolio and signaled that some of the company’s biggest …

Hedge Funds Leery of Moves to Limit U.S. Reinsurance Tax Break

Dan Loeb’s reinsurer cited risks tied to regulation as the Internal Revenue Service and U.S. Senator Ron Wyden work to limit what the lawmaker called a “tax loophole” used by hedge fund managers to route investments abroad. Third Point Reinsurance …

Investors Now Betting Against Hedge Fund Reinsurers

The shorts are targeting one of Wall Street’s best known short sellers. Bearish investors have piled on bets against a reinsurer started by hedge fund manager David Einhorn as the company’s losses climbed. Short interest on Greenlight Capital Re Ltd., …

A.M. Best Explains Its Rating Fundamentals for Hedge Fund Reinsurers

Since the Aug. 11, 2015 withdrawal of PaCRe Ltd.’s financial strength rating and issuer credit rating at the company’s request, A.M. Best said there has been considerable speculation about A.M. Best’s view on these hedge fund-sponsored reinsurers. A.M. Best said …

Hedge Funds Move Into Catastrophe Reinsurance

Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but skeptics are questioning whether they will stick around ahead of the next “big one” as underwriting returns fall. Hedge funds …