Insurance Linked Investments

While the ongoing growth of the casualty sidecar market is bringing more third-party capital into long-duration risks, it is also creating a test for investor returns. Speaking this week, Fitch Ratings’ Senior Director, NA, Brian Schneider highlighted that as capital flows into the space, the additional supply is putting added pressure on casualty pricing.

The insurance-linked securities (ILS) market will see strong demand through the end of 2026 and into 2027, while the asset class is also likely to grow further with catastrophe bonds and sidecars key areas as cedents integrate ILS products into their reinsurance, according to Richard Pennay, CEO of Aon Securities.

Brazil’s developing insurance-linked securities (ILS) market could create a clear route for catastrophe exposures that historically have remained uninsured or concentrated on traditional balance sheets to access institutional capital, Mirelle Pereira, founder of risk intelligence company Santé told Artemis.

A recent survey of protection buyers shows that the largest share of respondents agree that traditional reinsurance capacity is the key driver of price competition in the property marketplace, while the availability of alternative and insurance-linked securities capital is seen as a much less significant factor.

Swiss Re, the global reinsurer, has named long-standing senior employee Mirjam Wiget as the new leader for its Alternative Capital Partners (ACP) division, as incumbent Martin Zingg moves into the Group Chief Investment Officer role.

As the insurance-linked securities (ILS) and reinsurance markets adapt to an evolving risk landscape spanning geopolitics, climate, and artificial intelligence (AI), new capital structures are emerging to meet growing demand, and Oak Global plans to leverage investor diversification to capture these opportunities, according to CEO and Founder, Cathal Carr.

Challenger Life reported that its insurance-linked securities (ILS) investments, predominantly catastrophe bonds, performed in-line with their benchmark over the last year, while the company also launched a new Bermuda life and annuity reinsurance entity named Calix Re, adding a new insurance-linked dimension for the company.

The life and annuity sidecar market in Bermuda has experienced rapid growth over the last several years, as insurers continue to scale up and expand beyond legacy blocks. However, Morningstar DBRS suggests that this momentum can also be viewed alongside the growth of rated feeder funds, as both structures highlight how insurance capital is increasingly […]

The catastrophe bond and insurance-linked securities market remains well-positioned, even as reinsurance market conditions soften, with speakers at our Artemis London 2026 conference yesterday highlighting the discipline in the market and that this is expected to persist, while growth opportunities are still evident.

Chariot Reinsurance (Chariot Re), the Bermuda-based life and annuity reinsurance sidecar like company launched by MetLife, Inc. in partnership with investor General Atlantic, has closed an oversubscribed third capital raise of approximately $700 million in equity and debt financing, with backing from a group of leading institutional investors, including Chubb.