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.


Stone Ridge Interval ILS fund down roughly 5% since typhoon Hagibis

The share price for the interval-style mutual insurance-linked securities (ILS) fund operated by Stone Ridge Asset Management has now declined by almost 5% since the impact of typhoon Hagibis in Japan.The Stone Ridge Reinsurance Risk Premium Interval Fund, which invests across the spectrum of ILS and collateralised reinsurance assets, including read the full article →

Swiss Re signals growing role for alternative capital & ILS in its business

Global reinsurance firm Swiss Re is targeting further growth and diversification within its portfolio of natural catastrophe risks, with investor-backed alternative sources of capital set to play an increasingly important and supportive role.In announcing its strategy and targets in time for its investors' day today, Swiss Re has revealed an read the full article →

Neon pulls out of property treaty, cites retro price mismatch issues

Neon Underwriting, the specialty insurance and reinsurance operation that is part of American Financial Group, Inc., has confirmed that it is pulling back from all property treaty reinsurance underwriting, citing a mismatch in pricing between retrocession and its inwards business.At the same time Neon said it is to shutter its read the full article →

Munich Re names ILS specialist Horbelt its CFO for the Americas

Reinsurance giant Munich Re has promoted Oliver Horbelt, who most recently led its insurance-linked securities (ILS) focused Capital Partners business in the U.S., as its new Chief Financial Officer (CFO) for the Americas.Horbelt took on the role of CFO Munich Reinsurance America (Munich Re, US) as of November 1st and read the full article →

Oxbridge Re’s sidecar avoids impact from 2019 catastrophes so far

The Oxbridge Re NS Ltd. fully collateralized reinsurance sidecar vehicle sponsored by Cayman Islands based reinsurance firm Oxbridge Re Ltd. has avoided losses from all of the recent global catastrophe loss events.The Oxbridge Re NS quota share reinsurance sidecar has managed to avoid any impact from events including the Japanese read the full article →

Argo’s results to be dented by catastrophes & adverse development

Bermuda headquartered international specialty insurance and reinsurance firm Argo Group is expecting its third-quarter results to be dented by catastrophe losses and adverse development from prior years.The re/insurer pre-announced details of the forecast hit to its results last night, saying that hurricane Dorian and typhoon Faxai would cause an immediate read the full article →

Fidelis hires Bellamy from Acapella in London reinsurance build-out

Fidelis Insurance, the specialty insurance and reinsurance firm launched by Richard Brindle, is continuing to build-out its London treaty reinsurance operations with the hiring of Matthew Bellamy from Acapella.Matthew Bellamy will join Fidelis in London as of November 1st, the latest addition to Fidelis Underwriting Limited’s London team, continuing the read the full article →

Stone Ridge’s Longtail reinsurance platform continues to take shape

Stone Ridge Asset Management, the New York based mutual fund manager with a focus on alternative risk premia strategies including reinsurance and insurance-linked securities (ILS), continues to work on the establishment of its new Longtail reinsurance platform.We first reported that Stone Ridge Asset Management had established Longtail Insurance Holdings Ltd. read the full article →

RenRe’s Fibonacci Re ILS investors redeem more of their capital

Investors in RenaissanceRe's insurance-linked securities (ILS) vehicle Fibonacci Re Ltd. have been able to redeem some more of their capital, while one tranche has now been allowed to fully mature and the other extended further.RenaissanceRe, the Bermudian reinsurance firm and third-party capital manager, has been managing its Fibonacci Re Ltd. read the full article →

Munich Re sees strong Q3, but cites “high major-loss expenditure”

Reinsurance giant Munich Re said this morning that it expects a strong third-quarter result and to beat its full-year forecast, despite the impact of a "high major loss expenditure."Munich Re expects its consolidated result for the third-quarter of 2019 will be around €850 million.This despite the expectation of catastrophe losses read the full article →