Mon, Apr 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asset managers who want to set up their own reinsurance company need an education

Monday, July 07, 2014

amb
Bob Forness
Benedicte Gravrand, Opalesque Geneva:

Hedge funds are increasingly investing in the reinsurance business as a means for innovation and diversification. Before, they usually invested in reinsurers through sidecars or buying equity. But more recently, managers have been launching reinsurance businesses themselves, wrote Ernst &Young in a paper last year.

Over the last two or three years, start-up reinsurers such as Dan Loeb’s Third Point Reinsurance Ltd., Steven Cohen’s S.A.C. Re Holdings, Ltd., David Einhorn’s Greenlight Capital Re Ltd., John Paulson’s PaCRe Ltd., and Cliff Asness’ AQR Re were all formed with an underlying hedge fund sponsor playing a pivotal role in the formation.

Third Point Re went public last year with a successful launch on the NYSE and it was reported afterwards that a number of hedge funds, including Searchlight Capital and Pine River, were looking to enter the reinsurance sector too.

Equity investment manager Hyaline......................

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. Universities looking to defend endowments from Republican tax plan[more]

    From PIOnline.com: Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of university endowments. Lobbying disclosure forms show almost two dozen schools such as Princeton University, University of Notre Dame and Cornell University are including

  2. Activist News - GAM touts 'tangible results' of turnaround as activist fight hots up, Bill Ackman not done with Herbalife, says his fight could get legs in May, Activist hedge fund CIAM says Euro Disney's buyout offer not fair for minority investors[more]

    GAM touts 'tangible results' of turnaround as activist fight hots up From FNLondon.com: GAM, the Swiss asset manager at the center of an attempted boardroom putsch by activist hedge fund RBR Capital, said its first-quarter results amounted to "tangible" proof that its management's plan f

  3. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int