Hedge Funds Returning to Insurance as Premiums Rise October 8, 2020 By Maiya Keidan and Carolyn Cohn Five years after London-based hedge fund Toscafund ditched the shares it held in insurance companies, the $3.5 billion firm and...
XL Group’s McGavick Cuts Exposure to Hedge Funds to Boost Investment Yield February 14, 2018 By Sonali Basak XL Group Ltd., the insurer with about $38 billion of investments, is reducing its exposure to hedge funds, Chief Executive...
Hedge Funds Invest in Reinsurance Stocks on Expected Rate Hikes in 2018 November 16, 2017 By Maiya Keidan, Carolyn Cohn and Lawrence Delevingne Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North...
Madoff Deals in Locked Safe a Focus of UK Lawsuit Seeking Damages of $66M March 31, 2017 By Patrick Gower Principal Financial Group Inc. accused the managers of Liongate Capital Management LLP of hiding investments with Bernie Madoff while negotiating...
Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs August 23, 2016 By Oliver Suess and Jan-Henrik Förster It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors...
Greenlight Capital Re Reports Q2 Loss of $63M, in 5th Loss in 6 Quarters August 2, 2016 By Agnel Philip and Sonali Basak Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee investments, posted its fifth...
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...
Loeb’s Hedge Fund Lowers Fees for Third Point Re June 29, 2016 By Katherine Chiglinsky and Simone Foxman Third Point Reinsurance Ltd. won lower fees on investments overseen by Dan Loeb’s Third Point LLC, the hedge fund manager...
Swiss Re Hikes Corporate Debt Holdings, Cuts Risky Government Bonds June 17, 2016 By Jan-Henrik Förster The European Central Bank has turned government bonds into one of the riskiest asset classes, prompting Swiss Re AG to...
PaCRe Exit Eased Tax Scrutiny on Offshore Reinsurers: Third Point Re CEO June 16, 2016 By Katherine Chiglinsky Dan Loeb’s Third Point Reinsurance Ltd. said scrutiny of the industry’s offshore tax advantage has lessened after hedge fund manager...