capital markets

Howden Re, the global reinsurance broker, has appointed Grace Kavanagh as a Director within the firm’s Capital Solutions team, who joins with extensive market insight as well as strong carrier and client relationships.

The recent launch of NovaCore’s new collateralized reinsurance sidecar NovaRe, backed by alternative investment firm New Mountain Capital, LLC, through the establishment of VictoryRe, reflects New Mountain’s conviction in specialty insurance and aligns with its strategy for building integrated and scaled businesses, Steve Klinsky, CEO and Founder has said.

While Hannover Re has expanded its range of insurance-linked securities services and facilitation, responding to market demand, the company sees collateralised fronting as the centrepiece of this capital market focused aspect of its global reinsurance operations, executives Silke Sehm and Patrick Horstmann told us in an interview.

Arch Capital, the Bermuda headquartered insurance and reinsurance specialist, is refreshing one of its third-party capital structures again this year, as the Voussoir Re Ltd. collateralized reinsurance sidecar and special purpose insurance (SPI) vehicle has issued new preferred shares for the second year running.

A new proposal calling for a European natural catastrophe insurance pool to diversify risks across countries and perils could be further enhanced by the insurance-linked securities (ILS) market, according to the European Insurance and Occupational Pensions Authority (EIOPA) and the European Stability Mechanism (ESM).

Novacore, an independent managing general agent (MGA), has secured collateralized reinsurance support from a new sidecar structure backed by New York headquartered alternative investment firm New Mountain Capital, LLC, which alongside its affiliates has around $60 billion in assets under management.

The catastrophe wind market is one of the most aggressively softening segments within the excess and surplus (E&S) lines property market, with rate decreases in the 20% to 30% range becoming “increasingly common”, according to wholesale insurance services provider CRC Group.

This new video features another panel discussion from Artemis ILS NYC 2026, a session focused on the cat bond marketplace, from our tenth catastrophe bond and insurance-linked securities (ILS) conference in the ILS NYC series, held on February 6th 2026 in New York.

Howden Capital Markets & Advisory (HCMA), the capital markets and insurance-linked securities (ILS) specialist unit of broking group Howden, has launched a German entity in response to growing demand from European insurers and reinsurers for capital markets solutions and strategic transactions.

Alternative or third-party reinsurance capital, so that deployed through insurance-linked securities and related collateralized structures, grew by 18% over the course of 2025 and 10% just in the fourth-quarter to reach a record $136 billion at the end of the year, according to the latest estimate from broker Aon.