insurance private debt

Fixed income financial services investment specialist Cohen & Company Inc. has announced that its controlled subsidiary, Cohen & Company Financial (Europe) S.A. (CCFESA), has raised €481.5 million for its PriDe IV subordinated insurance debt funds.

Specialist insurance-linked securities (ILS) manager Twelve Securis has announced the launch of its new Mosaic ILS Fund, jointly developed with Swiss private bank, Union Bancaire Privée (UBP), building on their established working relationship.

The subordinated insurance debt market is anticipated to outperform again in 2026, after a landmark year of Restricted Tier 1 (RT1) issuance in 2025. Plenum Investments has affirmed its optimistic outlook, believing that subordinated insurance debt will persist in providing enhanced risk-adjusted returns compared to the wider credit markets.

Specialist insurance-linked securities manager Twelve Securis has launched a new insurance-linked investment fund strategy that will primarily focus on Restricted Tier 1 (RT1) insurance debt instruments.

European insurers accelerated their use of subordinated debt markets in the first quarter of 2025, with issuance volumes hitting their highest Q1 level in 14 years, according to specialist insurance-linked securities (ILS) manager Twelve Securis.

Hudson Structured Capital Management Ltd. (HSCM), a reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, and Kilter Finance, an insurance-focused specialty financing company, have backed a $170 million debt raise for re/insurer IQUW as it continues to build-out its Bermuda platform.

Plenum Investments AG, the Zurich based specialist insurance-linked securities (ILS) and catastrophe bond investment manager, has grown the assets under management of its mixed catastrophe bond and subordinated insurance debt ILS investment fund to over US $400 million.

The insurance sector is one of the most attractive in the universe of investment grade bonds right now, with manager Twelve Capital saying that its not just a good entry point, but also a good time to reposition fixed income portfolios towards insurance-linked assets.

Insurance-linked securities (ILS) investment manager Twelve Capital has adopted a defensive stance in the face of the market volatility caused by the financial market upheaval, although the company believes insurers are much better positioned than banks at this time.

The crisis being seen in banking sectors, most prominently with the failure of Silicon Valley Bank and sale of Credit Suisse to UBS, is not a crisis of the insurance sector, and there are no fundamentals to support the recent revaluation of insurance debt, Plenum Investments has stated.