KaylaRe completes roster of total returns reinsurers

Enstar's legacy-and-live total return reinsurer KaylaRe,
which it launched last week (15 December) with
capitalisation of $620mn, looks likely to be the final entrant in
the recent spate of such carriers to make it over the line.
A flurry of total return reinsurers launched from 2014-16, but
the scepticism of high net worth investors in the face of the
complexity of the model and the patchiness of their track record
looks for now to have closed off the possibility of...