Reinsurance News

QBE Re, the international reinsurance arm of the global insurance group, has sponsored its first casualty reinsurance sidecar vehicle, securing over $550 million in fully collateralised quota share reinsurance through George Street Re, with the transaction backed by institutional investors Culpeper Capital Partners and Calidris Investment Partners.

As per reinsurance broker Howden Re, industry loss warranties (ILWs) are expected to return to more normalised growth in 2026, as the January 1st reinsurance renewals showed rates falling by 10% to 20%.

Radix Insurance Linked Strategies (Radix ILS), the Bermuda-based third-party capital manager and tech-first reinsurance capacity deployment company, has announced the hiring of Nicolas Plianthos as its Chief Operating Officer (COO), bringing years of insurance management and operational expertise to the firm.

As per broker Guy Carpenter’s 1/1 reinsurance renewals report, there was a notable rise in demand for property retrocession lines during the January renewals, with the company noting that ongoing growth in supply contributed to some price reductions and broader coverage.

MS Amlin has now confirmed the expansion of its Phoenix Re securitized sidecar vehicle, lifting it to $115 million for the 2026 underwriting year, as the company continues with the insurance-linked securities strategy into its now sixth year.

Australian primary insurance group IAG has renewed its main catastrophe reinsurance tower for 2026 at the same size as the prior year providing occurrence protection for two events of up to $10 billion, while also expanding its quota share reinsurance to now cover 25% of its consolidated business including the recently acquired RACQ Insurance.

Ascot Group, the specialist global re/insurance underwriter, has appointed Ashleigh Edwards as Group Head of Ceded Reinsurance, where she will oversee the firm’s global ceded reinsurance strategy and harmonize it with Leadline Capital Partners, the company’s third-party capital management platform.

The outstanding market for collateralized reinsurance sidecar structures has continued to grow at pace thanks to investor interest in the structures, with the latest estimate from Aon Securities putting invested capital in sidecar vehicles at a new high of $19.6 billion.

Alternative reinsurance capital, so that deployed through insurance-linked securities and related collateralized structures, reached a new high of $124 billion as of September 30th 2025, according to Aon and the broker expects the growth trend to persist as third-party investors show “consistent” appetite for returns from the sector.

Insurance Capital Markets Research (ICMR) has announced that its (Re)Insurance Specialty Index (RISX) delivered a 22.3% net total return in 2025, while the organisation has also forecasted that the Lloyds of London re/insurance market could deliver a return on capital of around 20% again for full-year 2025.