Reinsurance linked investment

Everest Group, the global insurance and reinsurance specialist, benefited from a $35 million dividend payment from its Mt. Logan Re Ltd., third-party capitalised sidecar-like structure in 2025, while also earning $7 million of income from its investment into specific Mt. Logan Re cells.

Swiss Re’s CEO Andreas Berger said the reinsurance company is focused on amplifying the core of its business to deepen its relevance, citing leverage from alternative capital, a need to reimagine the value-chain, the role of artificial intelligence and the importance of disciplined cycle management at this time.

The insurance-linked securities (ILS) market has entered 2026 with significant momentum, driven by an unprecedented surge in catastrophe bond issuance and strong global demand for protection. SCOR Investment Partners believes this robust primary activity will play a critical role in sustaining current spread levels across the market throughout the year.

Northern Re’s recent $150 million capital raise marks a significant step in the expansion of its technology-enabled platform. According to the firm’s founding brothers, Anthony and Peter McKelvy, Northern Re is navigating a shift in the reinsurance landscape where investors are increasingly prioritising operational transparency over purely financial objectives.

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.

While the insurance-linked securities (ILS) business at Hiscox Capital Partners has seen its headline assets under management (AUM) figure rise, this underplays the fact deployable ILS capital has risen more thanks to returns of older capital being outpaced by new flows, and Hiscox Group’s CEO believes the deployable total will keep growing.

Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has announced raising an additional $150 million in committed capital from existing and new institutional investors, which now brings the company’s total platform capacity to $325 million.

Hiscox Capital Partners, the division of Hiscox Re that encompasses insurance-linked securities (ILS) investments and quota-share partnerships, lifted its ILS assets under management (AUM) to $1.5 billion at January 1st 2026, as $330 million of inflows over the last year served to increase deployable capital for the unit.

FERMA, the Federation of European Risk Management Associations has urged the European Commission to adopt a collaborative approach to the climate resilience framework it plans to introduce later this year, calling for the use of catastrophe bonds, insurance-linked securities (ILS) and parametric products.

Catastrophe bond issuance is on track to make this first-quarter at least the second busiest start to any year on record, with Artemis’ Deal Directory data already projecting close to $5.86 billion of cat bond issuance for Q1 2026, only falling behind the total from last year at this stage.