Insurance Linked Investments

Northern Re’s recent $150 million capital raise marks a significant step in the expansion of its technology-enabled platform. According to the firm’s founding brothers, Anthony and Peter McKelvy, Northern Re is navigating a shift in the reinsurance landscape where investors are increasingly prioritising operational transparency over purely financial objectives.

Munich Re has demonstrated the power of a large diversified reinsurance and insurance group in beating its profit target for 2025, while showing its desire to retain more of the economics of its re/insurance business by slashing its retrocession arrangements and scrapping its collateralized reinsurance sidecar programme.

Fixed income financial services investment specialist Cohen & Company Inc. has announced that its controlled subsidiary, Cohen & Company Financial (Europe) S.A. (CCFESA), has raised €481.5 million for its PriDe IV subordinated insurance debt funds.

While the insurance-linked securities (ILS) business at Hiscox Capital Partners has seen its headline assets under management (AUM) figure rise, this underplays the fact deployable ILS capital has risen more thanks to returns of older capital being outpaced by new flows, and Hiscox Group’s CEO believes the deployable total will keep growing.

The International Financial Services Centres Authority (IFSCA) will be sending proposals to the Government of India regarding the regulator’s suggested framework that would allow re/insurers to set up reinsurance sidecars in a special purpose insurance (SPI) structure, Chairman K. Rajaraman announced at the Global Conference of Actuaries 2026 earlier this week.

Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has announced raising an additional $150 million in committed capital from existing and new institutional investors, which now brings the company’s total platform capacity to $325 million.

Hiscox Capital Partners, the division of Hiscox Re that encompasses insurance-linked securities (ILS) investments and quota-share partnerships, lifted its ILS assets under management (AUM) to $1.5 billion at January 1st 2026, as $330 million of inflows over the last year served to increase deployable capital for the unit.

FERMA, the Federation of European Risk Management Associations has urged the European Commission to adopt a collaborative approach to the climate resilience framework it plans to introduce later this year, calling for the use of catastrophe bonds, insurance-linked securities (ILS) and parametric products.

Catastrophe bond issuance is on track to make this first-quarter at least the second busiest start to any year on record, with Artemis’ Deal Directory data already projecting close to $5.86 billion of cat bond issuance for Q1 2026, only falling behind the total from last year at this stage.

With Arundo Re recently completing its eighth vintage of its 157 Re reinsurance sidecar, Mathieu Halm, Board Secretary and Chief Retrocession & Alternative Capital Officer of the firm recently told Artemis how the vehicle has become a reliable and central alternative capital vehicle for the firm, and how the company sees it as one of […]