Reinsurance News
private equity
AXA Climate launches new functionality on its Altitude platform
12th April 2023
AXA Climate, an entity of the AXA group dedicated to climate and environmental adaptation, has launched a new functionality on its Altitude platform, aimed at providing private equity investors with a comprehensive assessment of climate, carbon and nature related risks. The Altitude platform allows asset management companies to gain a clear ... Read the full article
Beazley launches new private equity liability insurance product
27th January 2023
Beazley, the specialist insurer, has announced the launch of a new private equity liability insurance product. The insurer stated that the tailored product is designed to focus on the inherent directors and officers (D&O) risks within the long-term lifecycle of portfolios held by private equity firms. Across the full lifecycle of investments, ... Read the full article
Munich Re expects Q4 boost from Hannover Re investment joint-venture: CFO
8th November 2022
Munich Re's group CFO Christoph Jurecka revealed this morning that the reinsurance company is already expecting to feel a positive effect from its investment joint-venture with rival Hannover Re, as soon as during the fourth-quarter. Reinsurance News reported earlier in November that Munich Re and Hannover Re, two of Europe’s ... Read the full article
Hannover Re & Munich Re planning alternative investment joint-venture
3rd November 2022
Hannover Re and Munich Re, two of Europe's big four reinsurance companies, are awaiting regulatory approvals for an alternative investment joint-venture, designed to increase the diversification of a combined private equity portfolio, while likely leading to better terms and conditions on new investments. On a recently held earnings call to ... Read the full article
CAC Speciality announces new VP of Private Equity practice
17th August 2022
Insurance broker CAC speciality has announced the appointment of Scott Smith as Vice President of Private Equity practice. Smith joins CAC with a solid business background, holding positions as an investment banker with Citigroup, and a leader with USI Insurance, along with vast experience as an entrepreneur. CAC note that Smith’s innovative ... Read the full article
US insurers private equity investment growth in 2021 primarily driven by life: AM Best
28th June 2022
According to a new AM Best report, life/annuity (L/A) insurers are driving new private equity investments, realising widespread book value gains. This growth accounts for three quarters of all the industry book adjusted/carrying value (BA/CV) holdings. After the initial uncertainty surrounding the pandemic in 2020, private equity grew substantially in 2021, having ... Read the full article
GCM Grosvenor raises $500m for insurer-focused alternatives strategy
19th November 2021
Global alternative asset management solutions provider GCM Grosvenor has secured $500 million backing to develop a structured alternative investment solution. The vehicle will look to invest in alternative strategies like private equity, infrastructure, absolute return strategies, and alternative credit. Led by GCM Grosvenor Insurance Solutions, which the firm formed in June, the ... Read the full article
Mitch Blaser launches next-gen specialty insurer Mosaic
4th February 2021
Mitch Blaser, founding executive of Bermuda-based Ironshore, has established Mosaic, a next-generation global specialty insurance company with operations in Bermuda, London, the U.S., and Asia. Mosaic combines newly-formed Lloyd's of London Syndicate 1609 with sophisticated underwriting talent. The new specialty insurer is backed by private equity investment firm, Golden Gate Capital, who ... Read the full article
Argo completes sale of Ariel Re to Pelican Ventures and J.C. Flowers
25th November 2020
Private equity investors, Pelican Ventures and J.C. Flowers & Co., have completed their previously announced acquisition of Ariel Re from Argo Group International Holdings. Founded in 2005, Ariel Re had been part of Argo Group since 2017. The company underwrites a global portfolio of reinsurance solutions in Bermuda, London and ... Read the full article
US re/insurers grow private equity holdings 10% in 2019: AM Best
1st July 2020
US re/insurance companies increased their private equity holdings by nearly 10% to $81.3 billion last year, marking four consecutive years of growth, according to AM Best. The rating agency noted that this asset class continues to be an attractive option for re/insurers looking to diversify their investment portfolios or increase returns ... Read the full article
Survey highlights lack of cyber risk due diligence among private equity firms
12th November 2019
A recent survey conducted by commercial insurance placement and disputes firm, Mactavish, reveals that numerous senior private equity professionals feel that the due diligence carried out by private equity firms on cyber security issues of target companies is lacking. The survey results show that just 23% of those interviewed describe the ... Read the full article
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