Casualty insurance-linked securities news

Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has now surpassed the $1 billion of in-force premiums milestone.

As the casualty insurance-linked securities (ILS) market continues to expand, rating agency AM Best has indicated that market participants will need to remain focused on ensuring that both underwriting discipline and risk transparency develop simultaneously in order to keep pace with investor demand.

Everest Group, the global insurance and reinsurance specialist, reported an increase in premiums ceded to Mt. Logan Re Ltd., its third-party capitalised sidecar-like structure in the second-quarter of 2026, while the company also disclosed ceding $274 million of written premiums to its new Annapurna Re casualty reinsurance sidecar vehicle.

Despite a surge in third-party capital assets under management within its Mt. Logan Capital Management unit, driven largely by the launch of the Annapurna Re casualty reinsurance sidecar, Jim Williamson, President and CEO of Everest Group has outlined that the company doesn’t change its underwriting logic based on the availability of third-party capital.

Mt. Logan Capital Management, Ltd. (MLCM), the Everest Group owned third-party capital management platform, has expanded its assets under management meaningfully over recent months, reaching $3.4 billion in AUM, helped by parent Everest’s launch of what was the largest casualty reinsurance sidecar to be launched in the market.

AXIS Capital, the global specialty insurance and reinsurance underwriter, reported another rise in fee income earned through strategic capital partner arrangements in the second-quarter of 2026, as insurance-linked securities and third-party capital activities continue to build and its Capacity Solutions capability contributes.

Chubb has been buying more reinsurance this year as it sees an opportunity to “feed the hungry” in the competitive and softened market environment, CEO Evan Greenberg said today. He also made some interesting commentary on softening expanding into casualty lines and rate failing to keep up with loss costs, in his view.

Insurance-linked securities and reinsurance sidecar investments made by Eaton Vance through three of its mutual funds have risen significantly in the last half-year, increasing by more than 126% to reach almost $680 million by April 30th, with brand new allocations made to structures linked to Arch Capital, PartnerRe and QBE, as well as to one […]

Korra, the Software-as-a-Service (SaaS) platform from Ledger Investing that is focused on casualty ILS, has announced that it has appointed Yisheng Bu as Chief Actuary, who joins the firm after 13 years of service at Sompo International.

In May, our sister publication Reinsurance News hosted its second Legacy Market Roundtable in Brighton, in partnership with global reinsurer Swiss Re. A takeaway from the 90-minute session was the shifting role of alternative capital within the casualty space, with one participant noting that this influx of capital could position the legacy industry as a […]