Arch Rebrands Watford Re as Somers Re, as It Ushers in New Reinsurance Strategy November 4, 2021 Arch Capital Group Ltd., alongside private equity partners Warburg Pincus and Kelso & Co., announced that Watford Holdings Ltd. and...
Helix Underwriting to Write Excess Casualty, Forming Agency Agreement with Watford April 19, 2021 Helix Underwriting Partners Ltd., the Bermuda-based managing general agency, has expanded its agency platform into the excess casualty insurance segment....
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...
Activist Shareholder Urges Watford Holdings to Sell Itself, or Be Put Into Runoff May 20, 2020 By L.S. Howard Capital Returns Management LLC, the fifth largest shareholder of Watford Holdings Ltd., is urging the re/insurer to sell itself or...
AM Best Places Watford Re’s Ratings Under Review on COVID-19-Related Investment Hit May 4, 2020 AM Best has placed under review with negative implications the Financial Strength Rating of “A-” (Excellent) and the Long-Term Issuer...
Watford Specialty Looking to Build Program Business with U.S. Acquisition August 17, 2016 By L.S. Howard Newly formed Watford Specialty Insurance Co. (WSIC), a subsidiary of Bermuda-based Watford Re, took a big leap forward recently with...
AXIS Capital’s New Bermuda Operation, Harrington Re, Raises $600M July 6, 2016 Harrington Re, a fledgling Bermuda operation sponsored by AXIS Capital Holdings Ltd., has raised $600 million in capital designed to...
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:...
Watford Re Forms E&S Insurer Watford Specialty, Partnering with Arch April 4, 2016 By L.S. Howard Watford Re Ltd. has formed a new excess and surplus lines insurer called Watford Specialty Insurance Co. (WSIC), based in...
Hedge Fund-Backed Bermuda Ventures Could Be at Risk From IRS April 24, 2015 By Richard Rubin, Sonali Basak and Zachary R. Mider Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from...