insurance private debt

In a webinar held this week, executives from specialist insurance-linked securities manager Plenum Investments explained that subordinated insurance debt is a rare category that is benefiting from volatility in government bond markets.

Twelve Securis, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has extended its long-standing collaboration with Bank J. Safra Sarasin to now include distribution across Italy and Spain.

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.