Casualty ILS news

A new report from S&P Global Ratings highlights a structural shift in the sidecar market, as casualty reinsurance sidecars have grown to account for approximately 10% of total sidecar capacity. Driven by a wave of recent high-profile launches these vehicles are attracting alternative capital by offering returns largely uncorrelated with broader financial markets.

As the sidecar market continues to expand, the traditional view of these vehicles as pure, non-correlated diversifiers is shifting. The growing adoption of casualty and multi-line exposures introduces long-tail dynamics that are inherently tied to broader macroeconomic factors like social and economic inflation. However, according to Kroll, for investors, this transition transforms the valuation process […]

The extent to whether catastrophe bonds have truly become a mainstream investment product was a key discussion point during Artemis’ 2026 Bermuda ILS Executive Roundtable, in which experts from across the ILS sector discussed whether rated bonds, pooled ILS offerings, and enhanced secondary liquidity are ready to unlock vast new sources of traditional capital.

Everest Group has announced the launch of Annapurna Re Ltd., the specialty re/insurers first casualty reinsurance sidecar, revealing an expectation of deploying $600 million of third-party capital through the structure, while Stone Point Insurance Solutions is the anchor investor backing the venture.

Today’s insurance-linked securities (ILS) market is significantly broader and more resilient than it was just several years ago. However, while the market is seeing growing interest in casualty, specialty, cyber, and hybrid structures, this evolution also means the ILS space is fundamentally more complex, according to Kathleen Faries, CEO of Artex Capital Solutions.

Welcome to Artemis’ 2026 Bermuda ILS Executive Roundtable, during which leaders and experts from across the insurance-linked securities sector discussed the momentum being seen in catastrophe bonds and ILS this year, as well as the continued importance of Bermuda’s role in the market.

While the hard market in property insurance and reinsurance has ended and the direction of travel for rates is generally down, Ian Beaton CEO of global specialty re/insurer Ark said he still feels there is rate adequacy this year and maybe into next. But, given the investor interest in casualty ILS, he was less certain […]

Following the recent launch of Hamilton Insurance Group’s first casualty reinsurance sidecar, Craig Howie, Group Chief Financial Officer, explained that the sidecar enhances Hamilton’s ability to support casualty reinsurance underwriting through scalable and efficient capital solutions.

Aspen Capital Markets, the third-party, ILS and alternative reinsurance capital management unit that now falls under Sompo after its acquisition of the re/insurer, reported another increase in fee income generated from its work with third-party capital partners in the first-quarter of 2026.

Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has announced the hiring of Tarek Frahi as Head of Data Science, a move designed to help the company enhance its modelling and analytical capabilities.