Watford Re News
Activist Shareholder to Watford: Sell Yourself or Go Into Runoff
Capital Returns Management LLC, the fifth largest shareholder of Watford Holdings Ltd., is urging the reinsurer to sell itself or be put into runoff. In a letter to Watford's board of directors, the ...
Growth Move: Watford Specialty Snags National Assets of Admitted Carrier
Watford Specialty Insurance Company, a division of Watford Re, has acquired a once-dormant insurer with admitted insurance licenses across the country. Financial terms aren't being disclosed. The ...
Watford Re Debuts E&S Specialty Insurer
Watford Re Ltd. has formed a new excess and surplus lines insurer called Watford Specialty Insurance Co. (WSIC), based in Morristown, N.J. WSIC's lines of business "will be similar to what we've been ...
Heard at PCI Meeting: Reserve Covers, Capital Relief Deals Are Growing Trend
They may not be the new black, but references to adverse development covers and capital relief solutions and cropped up more than once in conversations with reinsurance market participants during the ...
Watford Re Playing to Current Market Conditions; Not Undercutting on Price: CEO Rathgeber
The first-quarter 2014 launch of Watford Re has fueled a fair amount of market chatter—some centered on the potential for the new entrant to the casualty reinsurance space to drive down pricing. ...
S&P Has More Homework to Do on Hedge-Fund Reinsurers: Execs
Responding to skepticism about the business models and risk cultures of a new crop of Bermuda reinsurers expressed by Standard & Poor's in a recent report, executives of three recent startups ...
Rating Agency Views of Hedge Fund Reinsurers Diverge
While A.M. Best has assigned ratings of A-minus or better to five hedge fund reinsurers, Standard & Poor's hasn't yet rated any of the five and remains "skeptical" of their strategies, ...
Let’s Dance, Say Reinsurance Leaders With Mergers on Their Minds
Even though his appetite is temporarily sated from two key acquisitions in recent years, the leader of SCOR says the M&A "dancing floor will be open" across the reinsurance industry going ...