Wed, Dec 7, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Bob Forness named Chairman and CEO of Multi-Strat Re

Tuesday, September 03, 2013

Bob Forness has been named Chairman and CEO of Multi-Strat Re Ltd., a Special Purpose Insurer licensed by the Bermuda Monetary Authority. Multi-Strat Re functions as the master reinsurer for its Participating Reinsurers, each of which is a standalone Class 3A Insurer licensed in Bermuda and sponsored by an asset manager who manages all of the investable assets of the given Participating Reinsurer that he or she has sponsored.

What Multi-Strat Re does Multi-Strat Re offers structured, low volatility reinsurance contracts covering high frequency, low severity risks from captive insurers, privately-held insurers, and insurers and reinsurers under regulatory or ratings stress. These covers permit the cedants to transfer, shift, and redistribute risk and to redeploy capital more productively or obtain surplus relief.

Multi-Strat Re then reallocates its premiums to its Participating Reinsurers and the asset managers get to invest its Participating Reinsurer’s equity capital and its share of those premiums. According to Forness, "Our pipeline of sponsors is very strong, and we expect our aggregate capital to comparable to number of publicly traded reinsurers by the end of 2015. However, since Multi-Strat Re secures all of its obligations with letters of credit from highly rated banks, it does not need a large balance sheet in order to be competitive from inception&quo......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released