Reinsurance sidecars news

Articles & news about collateralised reinsurance sidecars. Typically fully-collateralized, a reinsurance sidecar is a vehicle which an insurer or reinsurer can segregate a portfolio of risk into, often via a reinsurance quota-share, and allow investors to collateralize it in order to access the reinsurance businesses return.

Reinsurance sidecars are a popular way for investors to access the return of a specific reinsurer or a specific portfolio of risk.


Canopius promotes Craigs to Group Head of Reinsurance in restructure

Specialty insurance and reinsurance group Canopius has announced a restructure and has named Charles Craigs, who has led much of the firm's activities in insurance-linked securities (ILS) and third-party capital, as its new Group Head of Reinsurance. Craigs already had a broad reinsurance and ILS focused remit at Canopius, being the read the full article →

Everest Re expanding use of ILS investor capital: Mt. Logan President Modin

Global insurance and reinsurance firm Everest Re is expanding its use of insurance-linked securities (ILS) investor capital, with its third-party capital venture Mt. Logan Re Ltd. a core component of the firm's efforts to lower its catastrophe exposures, according to John Modin, President of Mt. Logan Re. As we recently reported, read the full article →

Mt. Logan Re hires PGGM’s Youssef Sfaif as Chief Operating Officer

Mt. Logan Re Ltd., the collateralized reinsurance sidecar-like and insurance-linked securities (ILS) vehicle operated by re/insurer Everest Re, has announced the hiring of experienced pension investor in ILS, the PGGM employee Youssef Sfaif, as its new COO. As we reported back in April, Youssef Sfaif, a Director of Credit and Insurance read the full article →

RenRe Capital Partners hires Horseshoe’s Press as VP, adds analysts

Bermuda headquartered reinsurance firm RenaissanceRe continues to expand its Capital Partners team, adding Keenan Press from Horseshoe as a new VP to lead on investor due diligence, as well as two new analysts in recent weeks. The RenaissanceRe Capital Partners team, which is the third-party capital management and insurance-linked securities (ILS) read the full article →

SCOR expands reinsurance sidecar capacity to US $400m

France headquartered globally active reinsurance firm SCOR has increased its third-party capital support in the first-quarter of 2022, taking the capital managed under its collateralised reinsurance sidecar platform to US $400 million. SCOR has been leveraging third-party capital from investors more meaningfully in recent months, as it both de-risks its reinsurance read the full article →

Ambassador cat bond fund scope expanded to provide asset flexibility

A recently launched US mutual investment fund with a core focus on catastrophe bonds, is expanding its investment scope to include more types of insurance or reinsurance assets prior to its full launch, with the Ambassador Fund adding to its prospectus so it can take opportunities to begin gaining traction. Given read the full article →

RenRe adds $1.4bn to ILS structures & joint-ventures in 2022 so far

RenaissanceRe, the Bermuda headquartered reinsurance underwriting firm and third-party capital manager, has added just over $1.4 billion of capital to its range of insurance-linked securities (ILS) structures and joint-venture vehicles so far in 2022. In reporting its results last night, RenaissanceRe (RenRe) highlighted the continuing success of its ILS and third-party read the full article →

More cat profit, less exposure = an outstanding trade: Everest CEO Andrade

As Everest Re hones its portfolio, to lower its property catastrophe exposure in a firming market, the company is finding this trade of more profit, for less exposure, to be an outstanding one, according to CEO Juan Andrade. Speaking during the Everest Re first-quarter 2022 earnings call last week, CEO Andrade read the full article →

Sfaif to depart PGGM to join reinsurer-owned ILS platform

Youssef Sfaif, a Director of Credit and Insurance Linked Investments at significant insurance-linked securities (ILS) sector pension investor PGGM, is departing from the allocator to join an in-house ILS platform owned by a major reinsurer, Artemis has learned. PGGM is the largest end-investor in insurance-linked securities (ILS) and has a long-history read the full article →

Everest Re catastrophe XoL pull-back continues in Q1

Global insurance and reinsurance firm Everest Re continues to take steps to reduce its exposure to property catastrophe related volatility, with its writings of catastrophe excess-of-loss reinsurance business falling to just 16% of its first-quarter book. The company reported $406 million of Net Operating Income for the first-quarter of 2022, resulting read the full article →