Insured Natural Catastrophe & Man-Made Disaster Loss Reports, ART, Collateralized & Alternative Reinsurance Topics, Catastrophe Options & Catastrophe Derivatives, Microinsurance & Weather or Catastrophe Index-Insurance, Introduction To Weather Trading, Derivatives, Futures, Weather Risk Management For Utilities & Energy, Weather Derivatives, Weather Risk Pricing & Structuring, ILS NYC 2021 – Feb 2021 – Watch on-demand, Global Property Catastrophe Rate-On-Line Index – Guy Carpenter, U.S. Property Catastrophe Rate-On-Line Index – Guy Carpenter, Regional Property Catastrophe Rate-On-Line Index – Guy Carpenter, the vehicle’s size and portfolio of risk growing with each quarter, Please register today to secure the best prices. But after the IPO its shares began trading on the Nasdaq at just $25.26, a roughly 36% discount to book value. WATFORD RE EXPLORES POSSIBLE IPO Watford Holdings, the parent company of Bermuda-based specialty insurer and reinsurer Watford Re, is considering a possible initial public offering as it looks to go public. TMR third-party capital partner tail risk retroceded to Tokio Marine. Watford Holdings Ltd. is an investment holding company, which offers property and casualty insurance and reinsurance services with operations in … Watford Holdings Aktie im Überblick: Realtimekurs, Chart, Fundamentaldaten, sowie aktuelle Nachrichten und Meinungen. The parent company of Bermuda-based specialty re/insurer Watford Re has publicly filed for an initial public offering (IPO) on the NASDAQ Global Market. What are insurance-linked securities (or ILS)? Watford Re was capitalized in March 2014 with $1.1 billion, and is registered as a Class 4 insurer with the Bermuda Monetary Authority. Borough of Watford; Koordinaten Koordinaten: 51° 39′ N, 0° 24′ W: Borough of Watford : Einwohner 79.700 (Stand: 2007) Fläche 21,43 km² (8,27 mi²) Bevölkerungsdichte: 3719 Einw. “Listing the Company on the Nasdaq achieves the objective of providing a liquidity mechanism for our existing shareholders; it will allow us to diversify our investor base; and it will give us access to the public capital markets when we need to finance our growth.”. 07337195, Get our free email newsletters for weekly summaries & reminders of stories you may have missed -->. The re/insurer had publicly filed for an initial public offering (IPO) with the SEC on January 29. Come On You 'Orns As a result, the benefits for Arch Capital Group will continue to flow. Discover the latest news for Watford FC. Online since 1999, Artemis provides news, analysis & data on catastrophe bonds, insurance-linked securities & alternative reinsurance capital.. What are industry loss warranties (ILW’s)? Google has many special features to help you find exactly what you're looking for. Watford Re first looked at an IPO well over a year ago, but backed off following discussions with investment banks. Website Privacy & Cookies and Disclaimer, Steve Evans Ltd. registered in England No. Post was not sent - check your email addresses! Receive alert notifications by email for every article from Artemis as it gets published. Our main operating subsidiary is Watford Re Ltd., or Watford Re, a Bermuda-based company that began writing business in early 2014 and is registered as a Class 4 insurer with the Bermuda Monetary Authority, or the BMA. Watford Re was capitalized in March 2014 with $1.1 billion, and is registered as a Class 4 insurer with the Bermuda Monetary Authority. When the underwriting also performs it could offer its new investors a very attractive total-return as a result. Its parent, Watford Holdings, announced in the summer of last year that it was still evaluating its options for a listing, before confirming in January that it had formally filed for an initial public offering (IPO). 1 TO SERVICES AGREEMENT This Addendum No. Want to read this article? The club recognises its foundation as 1881, aligned with that of its antecedent, Watford Rovers, and was established as Watford Football Club in 1898. The best way to contact us is through our online contact form which you can find here. By the end of the day the shares had added almost 7% to close at $27 by the end of yesterday. Get notified when Watford Re posts new jobs. It was established as a joint venture between Arch Capital and New York-based hedge fund Highbridge Capital Management. Getting listed was likely the main concern though, rather than the price, as having access to the capital markets and an opportunity to cash out for launch investors were perhaps the main reasons for seeking the listing in the first place. Tagged as: Alternative reinsurance capital, hedge fund reinsurer, investment oriented reinsurer, reinsurance, third-party reinsurance capital, Total return reinsurer, Watford Re, Receive a regular weekly email newsletter update containing all the top news stories, deals and event information. Sorry, your blog cannot share posts by email. We’re returning to Singapore for our fourth annual ILS market conference for the Asia region. Read our privacy & cookies policy to find out more. ESG investment in insurance-linked securities (ILS), Monte Carlo Reinsurance Rendezvous Archives, Mortgage insurance-linked notes transactions, Pension funds investing in insurance-linked securities (ILS), Indenture Trustee, Paying Agent & Escrow Agent Services, Weather Risk Management, Insurance & Trading, Artemis Live – Video interviews & content, List of Reinsurer Capital Markets Activities, Cat Bond, ILS, Reinsurance Reading For Beginners. This website uses cookies to improve your experience. Watford Holdings said it was considering an IPO back in the middle of 2018, in a move to become a registered, publicly-traded company. CEO of Watford John Rathgeber said that, “This is an important milestone in the evolution of Watford. The total-return, or investment oriented, reinsurer strategy has worked well so far for Watford Re and Arch, with the vehicle’s size and portfolio of risk growing with each quarter into a meaningful contributor to Arch earnings, when investment and underwriting performance align at least. Read more about Artemis. Free ArrivaClick transport for vaccinations - you need to download the app to access the codes. What is collateralized (or collateralised) reinsurance? View all of our Artemis Live video interviews and subscribe to our podcast. Artemis uses cookies to enhance your experience. On January 29, Watford Holdings filed a registration statement on Form 10 with the US Securities and Exchange Commission in connection with the proposed listing of Watford's common shares. Up to 3.6 million shares of existing investors in Watford Holdings were up for sale in the IPO, a process that succeeded for the company as its common shares began trading yesterday on the Nasdaq Global Select Market under the symbol “WTRE”. It underwrites mid to longer-tailed, largely casualty reinsurance business with the assistance of the Arch Capital platform, while asset manager Highbridge Principal Strategies invests the reinsurers long-term assets in strategies aiming to achieve a higher return than a typical re/insurer would normally seek. Watford Re was capitalized in March 2014 with $1.1 billion, and is registered as a Class 4 insurer with the Bermuda Monetary Authority. Latest round IPO (Mar 2019) Onwards to People. All content copyright © Steve Evans Ltd. 2021 All Rights Reserved. Early bird tickets are still on sale. Watford [ˈwɒtfəd] ist eine Stadt in England und liegt in der Grafschaft Hertfordshire an den Flüssen Colne und Gade 32 km (21 mi) nordwestlich von London. Now successfully IPO’d, Watford Re will be looking for a few solid quarters of results to demonstrate the value in its strategy, before likely trying to bulk up its capital base which will ultimately allow it to do more. 2019-01-30T09:22:00. Newton Media LtdKingfisher House21-23 Elmfield RoadBromleyBR1 1LTUnited Kingdom, Guy Carp cat service to gauge flood losses, Aspen posts net loss for second year running, Clarity in changing times: Bermuda eyes new role in the aftermath of COVID-19, Hiscox profits slump as third year of heavy cat losses take their toll, Third Point Re back on track with healthy profits in 2019, Savage Q4 leads to full year losses for Argo, Miller snares former Aon executive to lead Bermuda business, Maiden returns to profit in 2020 as decision to place portfolios into run-off pays off, ERS to build Bermuda-based reinsurance and ILS platform, BMA authorises eight new re/insurance entities. Insurance policies will be issued through Watford Insurance Company (NAIC 25585) or Watford Specialty Insurance Company (NAIC 15824). Watford Re now has more than $3.5 billion of total assets and almost $3 billion that are investable, meaning that when the Highbridge investment strategy performs it can deliver high investment returns. Watford Re confident differentiated model will deliver for investors 2019-09-08T03:39:00 Despite a lukewarm reception from investors in the months following its March IPO, Watford Re is optimistic that it will deliver strong book value growth for the remainder of 2019 as its “differentiated” total return reinsurer model bears fruit. We also cover life, weather risk and longevity risk transfer. Alongside the proposed IPO, Watford Holdings' board of directors has authorised a share repurchase programme. Watford Re Ltd. (“Watford Re”) is a global specialty insurer and reinsurer headquartered in Bermuda. WATFORD AKTIE und aktueller Aktienkurs. “Watford Re” means Watford Re Ltd., a Bermuda exempted company with limited liability and a wholly owned subsidiary of the Company. Explore fixtures, tickets, results, player and club info, the hornets shop and much more. This copy is for your personal, non-commercial use. This copy is for your personal, non-commercial use. Have your say on the plans for Watford General Hospital - complete the survey by 24 March. AngelList About Startup Jobs Recruiting Venture Investing We're Hiring Product Hunt Help Center Press Unsubscribe. However, Watford Re had a book value of around $39.22 at the end of 2018, despite falling to a loss for the year of almost $55 million. Bank of America Merrill Lynch and Keefe, Bruyette & Woods are acting as co-advisors, and Clifford Chance US is acting as legal advisor to Watford. Hedge fund reinsurer Watford Re confirms NASDAQ IPO intent . What is life insurance securitization or life ILS? Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more. However, the 2014 start-up had promised investors that it would look to go public Alles zum Verein FC Watford (Championship) aktueller Kader mit Marktwerten Transfers Gerüchte Spieler-Statistiken Spielplan News Exhibit 10.1.1 ADDENDUM NO. After the listing on NASDAQ, the re/insurer may repurchase up to $75 million of its outstanding common shares from time to time on the open market or in privately negotiated transactions.
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