Latest News

WATFORD INSURANCE COMPANY EUROPE LIMITED ANNOUNCES PLANS FOR ROMANIA

GIBRALTAR, December 5, 2017 – Watford Insurance Company Europe Limited (Watford Insurance) today announced that it has filed with the Gibraltar Financial Services Commission a request for approval to establish a branch office to launch insurance operations in Romania.  Watford Insurance, based in Gibraltar, carries an ‘A-‘ (Excellent) rating by A.M. Best and has been operating in the European Union and the UK since 2015. Watford Insurance is a wholly owned subsidiary of Watford Re Ltd., a Bermuda reinsurer with capital of US$1.2 billion at September 30, 2017.  Watford Insurance and its affiliates have a strategic underwriting management relationship with subsidiaries of Arch Capital Group Ltd. (Arch). …

WATFORD HOLDINGS LTD. EXPLORES AVENUES TOWARD PUBLIC TRADING

Watford Holdings Ltd. announced that it is currently exploring potential avenues toward becoming a registered, publicly-traded company. No decisions have been taken at this point on the structure or timing of any such action, and no assurance can be given that such an action will be pursued. This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale…

PRESS RELEASE – WATFORD SPECIALTY INSURANCE COMPANY PURCHASES ADMITTED CARRIER

Watford Specialty Insurance Company (“WSIC”) announced today it has acquired a previously-dormant insurance company that holds admitted insurance licenses in all 50 states and the District of Columbia. This carrier has been renamed Watford Insurance Company (“WIC”) and has re-domesticated to New Jersey, WSIC’s domicile state. WIC’s liabilities relating to pre-acquisition business are fully reinsured pursuant to a 100% quota share agreement with The Hanover Insurance Company, which carries financial strength ratings of A/A/A3 from A.M.Best, S&P and Moody’s, respectively. The Hanover Insurance Company is the largest insurer in a group of affiliated companies that collectively has over $3.8 billion in capital. The Hanover Insurance Company will…

PRESS RELEASE – WATFORD RE LTD. COMPLETES A $1.13 BILLION CAPITAL RAISE

New Bermuda-based reinsurer will combine diversified reinsurance business with a disciplined investment strategy Watford Holdings Ltd. and its wholly owned subsidiary Watford Re Ltd. (“Watford” or the “Company”), a newly formed, Bermuda-based multi-line reinsurer, announced today that Watford Re has completed a $1.13 billion capital raise. The initial capitalization comprises $907 million in common equity, including a $100 million investment by a subsidiary of Arch Capital Group Ltd. (“Arch”), and $226 million in preference shares. Watford is a Class 4 insurer licensed by the Bermuda Monetary Authority and has received a financial strength rating of A- from A.M. Best Company. Watford intends to combine a diversified reinsurance…