ORIGINAL PUBLICATION HERE
Assets under management held by Kinesis Capital Management, the collateralized retrocessional reinsurance unit of specialty re/insurer Lancashire Holdings Limited, grew its assets under management 20% year-on-year.
Lancashire’s Chief Underwriting Officer Paul Gregory said that the company was delighted with the support shown by the Kinesis investor base, helping it to increase its assets in time for the January reinsurance renewals.
Gregory explained, “Given the dislocation in the retro market we were able to grow Kinesis at 1/1. We were able to secure additional support from our investors which was pleasing given the recent losses.”