Reinsurance sidecars

Articles & news about 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.


Fidelis hires Symms to lead outwards reinsurance & quota shares

Fidelis Insurance, the specialty insurance and reinsurance firm launched by Richard Brindle, has announced a new senior hire as it continues to build its expertise in outwards reinsurance and especially quota shares.John Symms is joining Fidelis as its Head of Outwards Reinsurance, a role which will see him tasked with read the full article →

Trapped ILS capital falls slightly, overall reinsurance capital rises: Hyperion X

The amount of insurance-linked securities (ILS) capital and collateral that is still trapped after recent catastrophe loss years has fallen only slightly, as some cat bond collateral in particular was released but fresh collateralised reinsurance and retro collateral was trapped by 2019 loss events.At the same time, overall global reinsurance read the full article →

Stone Ridge interval ILS fund shrinks again, cat bond focused fund stable

Stone Ridge Asset Management's mutual insurance-linked securities (ILS) fund assets shrank slightly in the last quarter of record, with the Interval ILS fund down roughly 5% again, but the managers catastrophe bond focused fund was more stable and grew almost 1% in the period.Overall, Stone Ridge's mutual ILS fund assets read the full article →

Carey Olsen hires ILS experienced lawyer Michael Frith in Bermuda

Offshore business focused law firm Carey Olsen has announced the hiring of Michael Frith in Bermuda, a lawyer that is experienced in advising on and assisting with ILS, catastrophe bond and collateralized reinsurance transactions.Michael Frith most recently worked for another offshore specialist law firm with insurance-linked securities (ILS) market expertise read the full article →

Stone Ridge raises ~$1.5bn to deploy in quota shares including non-cat risks

Stone Ridge Asset Management has raised significant new funds and commitments for quota share reinsurance investing for 2020, with these new funds raised outside of the managers typical mutual ILS funds and CEO Ross Stevens saying this new strategy will support about $1.5 billion of assets and also invest in read the full article →

CCR Re renews its 157 Re reinsurance sidecar for 2020

CCR Re, the French state-owned reinsurance firm, has renewed its innovative collateralised reinsurance sidecar transaction 157 Re for 2020, we can report.Last year CCR Re introduced 157 Re as its collateralised reinsurance sidecar vehicle for property catastrophe risks, the first and still only insurance-linked securities (ILS) vehicle to be governed read the full article →

Munich Re takes Eden Re II reinsurance sidecar to $285m for 2020

Global reinsurance firm Munich Re has now taken its Eden Re II Ltd. collateralised reinsurance sidecar vehicle to $285 million of issuance for 2020, with a second tranche coming to market yesterday.Munich Re is a regular sponsor of reinsurance sidecars, with its Eden Re and Eden Re II vehicle having read the full article →

AXIS adds $47.25m of insurance risks to Alturas sidecar for 2020

Global specialist re/insurer AXIS Capital has added another layer to its Alturas Re collateralised sidecar issuance for 2020, with $47.25 million of what look like property catastrophe insurance linked notes issued in two tranches.At the end of 2019 we reported that AXIS Capital had issued $64.14 million of notes in read the full article →

Liberty Mutual in $50m Limestone Re 2020 reinsurance sidecar transaction

U.S. primary insurer and global re/insurer Liberty Mutual has completed another collateralised reinsurance sidecar placement for 2020, with a $50 million slice of the arrangement now listed on the BSX.Liberty Mutual has become a regular sponsor of collateralised reinsurance sidecar transactions, using its Limestone Re vehicle to access third-party sources read the full article →

Neon to be run-off, as parent AFG exits from Lloyd’s

Neon Underwriting, the specialty insurance and reinsurance operation that is part of American Financial Group, Inc., is to go into run-off, as its parent decided that it isn't generating a sufficient return on its investment through its participation at Lloyd's.The pull-back from American Financial Group (AFG) follows a number of read the full article →