Swiss Re Insurance-Linked Fund Management

Mt. Logan Capital Management, Ltd.

Retrocession news

All of our news and analysis on the retrocessional reinsurance marketplace.

Retrocession is effectively reinsurance for reinsurers, so a tertiary layer of risk transfer away from the original risk, if you consider primary, reinsurance and then retrocession.

As reinsurance is insurance for insurers, retrocessional, or retro, protection is reinsurance for reinsurers.

The retrocession reinsurance market has increasingly come to depend on the capital markets and insurance-linked securities (ILS).

As of mid-year 2022, global retrocession capacity has been estimated to be as high as $60bn, around $20bn of which is indemnity based and the rest in other formats.

The alternative capital markets and ILS funds, or investors, play a significant role in global retrocession, as too do instruments such as catastrophe bonds and industry-loss warranties (ILW).

Share

Mangrove Risk Solutions issues $22.43m private catastrophe bond

8th August 2025

The Mangrove Risk Solutions private insurance-linked securities (ILS) platform operated by Marsh McLennan and reinsurance broker Guy Carpenter has issued another private cat bond lite deal, as a roughly $22.43 million Mangrove Risk Solutions Bermuda Ltd. (Series 2025-C1) transaction has come to market, Artemis has learned.

Read the full article