Hedge fund reinsurance model remains unproven: S&P

The hedge fund reinsurance model's long-term viability
remains an unanswered issue as persistent underwriting losses have
restrained the segment's performance, which has trailed
traditional Bermudian reinsurers, according to ratings agency
Standard & Poor's.
As a group, hedge fund reinsurers (HFRs) produced a return on
average shareholders' equity of 5.7 percent last year, when it
swung to a gain from a loss of 3.5 percent in 2015 and a 9.5
percent gain in 2014, S&P said in a report rele