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.

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Mutual ILS funds take Ida hit. Stone Ridge interval fund falls ~5%

The main mutual insurance-linked securities (ILS) and reinsurance linked mutual investment funds have experienced some declines in the wake of the recent landfall of major hurricane Ida. Hurricane Ida made landfall on August 29th in Louisiana with major 150 mph winds. The storm devastated regions of the coast, impacted New Orleans read the full article →

No change to underwriting as Swiss Re’s ILS capital grows: Rüede

As third-party or alternative capital managed continues to grow for global reinsurance firm Swiss Re, the company is keen to stress that this doesn't mean any changes to its underwriting approach and standards, Philipp Rüede told us. Swiss Re has big ambitions in ILS capital management, seeing it as a core read the full article →

Equity investors query reinsurer’s use of ILS and ESG quality: Autonomous’ Ritchie

Equity investors focused on the reinsurance sector question whether insurance-linked securities (ILS) deliver cost-of-capital benefits, while also finding it hard to consider reinsurers an ESG appropriate investment, Andrew Ritchie, Partner, Insurance Research at Autonomous Research LLP said today. Ritchie was participating in Munich Re's 13th annual insurance-linked securities (ILS) roundtable, which read the full article →

Sidecar capacity – demand outpacing supply: Shiv Kumar, GC Securities

Demand for alternative reinsurance capacity to support sidecars and quota share structures is outpacing supply, according to Shiv Kumar who explained that the reinsurance sidecar market has grown despite facing challenges in recent years. According to GC Securities numbers the private collateralized quota share and reinsurance sidecar market now makes up read the full article →

Abundant capital here to stay, so optimisation key: SCOR’s Conoscente

The global reinsurance market is going to remain boosted by an abundance of capital and capacity, which makes being able to optimise it for your efficient use key, according to Jean-Paul Conoscente, CEO of SCOR Global P&C. This theory underpins an increasing move to both leverage different sources of capital, plus read the full article →

SCOR launched $100m single-investor worldwide CAT XL sidecar

SCOR, the French headquartered global reinsurance company, has launched a new collateralized reinsurance sidecar vehicle in recent months, with a $100 million, single-investor sidecar that incepted in April 2021, the company revealed today. SCOR has long been a company that taps into the capital markets for support on a retrocession and read the full article →

ILS capital returns to previous record level of $97bn: Aon

Helped by a record period of catastrophe bond issuance in the first-half of 2021, alternative capital levels in reinsurance, largely in insurance-linked securities (ILS) formats, have now returned to their previous record year-end level of $97 billion, according to Aon. As of the half-way point of 2021, Aon's Reinsurance Solutions counts read the full article →

Guy Carpenter hires Quentin Perrot as Managing Director, GC Securities

Reinsurance broker Guy Carpenter has made a key capital markets and insurance-linked securities (ILS) focused hire, appointing former Willis Re Securities executive Quentin Perrot as a Managing Director in its GC Securities division. Perrot led the European insurance-linked securities (ILS) team at Willis Re Securities, the capital markets, ILS and catastrophe read the full article →

Gibson Re sidecar “not changing the recipe book” at R&Q: Spiegel

For Randall & Quilter (R&Q) Investment Holdings, the launch of its first collateralised reinsurance sidecar vehicle today is not about changing the "recipe book", meaning the firm's core area of focus in the legacy space remains, according to William Spiegel, Executive Chairman of R&Q. R&Q, the specialist non-life insurance and reinsurance read the full article →

R&Q launches $300m Gibson Re sidecar with investor support

Randall & Quilter (R&Q) Investment Holdings, the specialist non-life insurance and reinsurance legacy investor and program manager, has announced the formation and launch of a legacy insurance focused collateralised reinsurance sidecar named Gibson Re, which is being capitalised to the tune of roughly $300 million by investors. Gibson Re brings R&Q's read the full article →