ORIGINAL PUBLICATION HERE
Once again, third-party reinsurance capital unit Kinesis Capital Management has provided an increased profit contribution to specialty insurance and reinsurance company Lancashire Holdings, which will be welcome as the re/insurer remained disciplined in challenging specialty market conditions.
To date Kinesis has deployed more than $340m of fully-collateralized protection through its unique, multi-class reinsurance product offering. The product has proved popular with cedents to date and is now bringing in a growing profit for Lancashire, helping the re/insurer to offset declines in lines of business where it has pulled-back due to market conditions.