Quota Share

In a reinsurance and retrocession market environment where prices have softened considerably but underwriters can still find attractive returns, broker Howden Re urges cedents to ensure their resilience by looking across the full-range of capital solutions and forms, to maintain flexibility and optionality through cycles.

Stone Ridge Asset Management has grown assets under management across its mutual catastrophe bond, insurance-linked securities and reinsurance fund strategies by more than 8% in the last quarter of record, with additional AUM growth in the following weeks taking them to around $7 billion, a new all-time high.

CalPERS, the largest public pension fund in the United States, had previously disclosed investments in catastrophe bond and insurance-linked securities (ILS) fund strategies valued at $1.451 billion at the end of 2025, but new documents seen by Artemis show that the giant investor had further room to grow in the asset class.

Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, has reported assets under management across its mutual catastrophe bond, insurance-linked securities and reinsurance fund strategies nearing $6.5 billion, now at their highest levels since late 2018.

In its recently published whitepaper, Cohen & Company Asset Management, the fixed income financial services investment specialist, explained that due to advances within structuring, analytics, and governance, combined with growing investor familiarity, the firm believes that casualty represents “the next evolution of ILS exposure.”

Algorithmic Insurance Services, Inc., the wholesale broker trading as LIRG, has secured a $15 million quota-share reinsurance arrangement for New York-based managing general agent DLT Alert, underpinning the launch of a new suite of embedded parametric cyber warranty products aimed at cybersecurity solution providers.

CalPERS, the largest public pension fund in the United States, ended 2025 with its investments in catastrophe bond and insurance-linked securities (ILS) fund strategies amounting to $1.451 billion, with allocations in place with Tangency Capital, Integral ILS and Swiss Re’s SRILIAC.

SageSure, the specialist catastrophe-exposed property managing general underwriter (MGU), has sponsored its second collateralized reinsurance sidecar, securing $200 million of protection from a Seawall Re II Ltd. transaction.

QBE, the global re/insurer, sees alternative reinsurance capital as an important lever to allow the company to deliver sustainable returns in the mid-teens, according to its CEO Andrew Horton and CFO Chris Killourhy, with recent catastrophe bond and casualty sidecar initiatives seen as early deals to help in building a profile within ILS markets.

Oxbridge Re Holdings Ltd., the Cayman Islands based reinsurance company, has confirmed its two tranche offering of tokenized reinsurance securities that will fund its collateralized reinsurance sidecar vehicle Oxbridge Re NS for the 2026/2027 reinsurance contract year, with 20% and 42% return targets.