Casualty ILS news

Global broker Aon and risk modelling, data and analytics specialist Moody’s Insurance Solutions have announced an expanded casualty reinsurance collaboration, with part of the goal being to help capital more efficiently allocate to casualty risk.

Aspen Capital Markets, the third-party, ILS and alternative reinsurance capital management unit of global re/insurer Aspen, generated half of the fee income earned in calendar year 2024 from managing casualty insurance and reinsurance opportunities for its investors.

Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, is set to liquidate the Post-Event Reinsurance Fund that it originally launched back in 2015, Artemis has learned from company filings.

This video features an expert panel discussing the opportunity for investors in the growing casualty insurance-linked securities (ILS) space at our Artemis ILS NYC 2025 conference, which was held in New York on February 7th 2025.

At the Insurance & Reinsurance Legacy Association (IRLA) annual Congress event held in Brighton today, speakers highlighted the opportunity to innovate alongside the insurance-linked securities (ILS) market and sources of alternative capital, to provide solutions to aid in exit liquidity and support casualty ILS transactions.

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 $100 million from existing and new institutional investor partners.

For full-year 2024, AXIS Capital ceded $323 million of prospective reinsurance premiums to its Monarch Point Re casualty insurance-linked securities (ILS) platform, which was an increase of 13% over the prior year. In addition AXIS earned an increased level of fees and commissions from the ILS structure.

Insurance holding company Ambac Financial Group, Inc. saw its Cirratta insurance distribution division enter 2025 with more than $1.5 billion of third-party capacity, sourced from a range of reinsurance market participants and third-party investors.

In an interview with Artemis around the Bermuda Risk Summit 2025, Kier James, Chief Underwriting Officer (CUO) of MultiStrat, discussed how the company believes that the island will continue to maintain its dominance of the insurance-linked securities (ILS) market as it broadens beyond catastrophe-focused ILS into casualty and specialty lines of business.

AXIS Capital, the specialty insurance and reinsurance company, has registered a fourth collateralized insurer class of company in Bermuda to support further expansion of its Monarch Point Re casualty insurance-linked securities (ILS) platform in 2025.