Earlier this year, White Mountains committed up to $30 million in capital for a Bermuda-based collateralized reinsurance structure that provides sidecar-like support to its California homeowners managing general agent (MGA) Bamboo.Back in 2020, White Mountains Insurance Group entered into an agreement to acquire a majority stake in Bamboo, an MGA platform and provider of homeowners’ … Read more
For global reinsurer Hannover Re, the business of collateralized fronting, where the company fronts reinsurance cedents for ILS investors and funds, is seen as a very important element of its business and an area of growth, executive Thorsten Steinmann said this week.Speaking during a briefing held at the Baden Baden reinsurance meeting in Germany, Steinmann … Read more
The usage of collateralized retrocession limits has elevated among the many largest reinsurance corporations as different capital continues to be a crucial supply of retro safety, however for some retro patrons the price of protection stays too excessive, S&P World Scores has mentioned.In actual fact, throughout reinsurance corporations analysed by S&P, their January 1st 2024 … Read more
