Casualty insurance-linked securities news

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.

Hamilton Insurance Group, Ltd., a Bermuda based specialty insurance and reinsurance company, has reported higher third-party capital fee income generated by activities under its Ada Capital Management unit in the first-quarter of 2026, while the income may continued to rise this year thanks to the recent casualty sidecar launch from the firm.

Rachel Bardon, Chief Underwriting Officer (CUO) at Compre, said its recent participation in George Street Re, QBE Re’s debut casualty sidecar, represents a repeatable and well-diversified book of business, exemplifying the company’s broader strategy as it looks to pursue similar transactions in the future.

Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has expanded its use of Ultrassure’s platform from an initial pilot to production deployment for contract workflows across its reinsurance operations.

AXIS Capital, the global specialty insurance and reinsurance underwriter, has reported higher fee income from its strategic capital partner arrangements in the first-quarter of the year, as insurance-linked securities and third-party capital activities continue to build.

The legacy and run-off market is evolving to trade much more like the live market, according to speakers at the Insurance & Reinsurance Legacy Association (IRLA) annual Congress event held in Brighton today, while the opportunity to trade with and support ILS investor exit and liquidity needs is expected to continue, especially in casualty risks.

During the Markel Group first-quarter earnings call yesterday, Simon Wilson, CEO of Markel Insurance, said he is concerned about the competitive tendencies of certain MGA’s that are backed by sidecars and private capital, who he believes may be chasing US casualty risk pricing down in areas of the market where caution is warranted.

Northern Re, the collateralized reinsurance company that provides investors access to returns of its long-tail casualty underwriting business, has announced that it has selected Palantir Technologies as a core platform to support the continued development of its capital intelligence capabilities.

Whilst the casualty insurance-linked securities (ILS) space continues to emerge as a transformative capital source for long-tail risk, Yulia Bruskova argues that ILS investors in casualty risk deserve the same level of transparency in exposure and systemic risk understanding that natural catastrophe investors have long been receiving.