Reinsurance sidecars news

When deciding whether to access insurance-linked securities (ILS) and non-traditional sources of reinsurance capital, the question is no longer whether to engage. Rather it has shifted to identifying how to bring it into your capital model effectively and meet medium to long-term strategic goals, Jason Bolding, CEO of Gallagher Securities has said.

A survey of institutional investors recently undertaken by Gallagher Securities found that 60% are intending to increase their allocations to insurance-linked investments, with catastrophe bonds and similar insurance-linked securities (ILS) seen as the main type of assets in focus.

Listings of catastrophe bonds and other insurance-linked securities (ILS) soared in the first-quarter of 2026 for the Bermuda Stock Exchange (BSX) and it further grew its market share, as total cat bond and ILS listings on the BSX reached over $68.5 billion.

Hamilton Insurance Group, Ltd., a Bermuda based specialty insurance and reinsurance company, has reported higher third-party capital fee income generated by activities under its Ada Capital Management unit in the first-quarter of 2026, while the income may continued to rise this year thanks to the recent casualty sidecar launch from the firm.

Rachel Bardon, Chief Underwriting Officer (CUO) at Compre, said its recent participation in George Street Re, QBE Re’s debut casualty sidecar, represents a repeatable and well-diversified book of business, exemplifying the company’s broader strategy as it looks to pursue similar transactions in the future.

As alternative capital continues to integrate further into the global reinsurance market, in order for this to be truly sustainable the sector must prioritise better modeling, greater transparency and careful sequencing of product development so that capital can be deployed where it strengthens resilience, according to Laurent Rousseau of Guy Carpenter.

W. R. Berkley Corporation, the US-headquartered insurance holding company, once again reported higher premiums being ceded to its Lifson Re collateralized reinsurance sidecar for Q1 2026, while the company also recognised more fee income being earned from the structure.

AXIS Capital, the global specialty insurance and reinsurance underwriter, has reported higher fee income from its strategic capital partner arrangements in the first-quarter of the year, as insurance-linked securities and third-party capital activities continue to build.

As legacy and run-off reinsurance specialist, Enstar increasingly provides solutions for the insurance-linked securities (ILS) market, we spoke with Dan Sanford, Managing Director, M&A, at the company’s office in Bermuda, about the role of ILS in the legacy space.

Calidris Investment Partners, the insurance-focused investment manager backed by RedBird Capital Partners, has made three key hires as the firm continues to expand its platform, including James Larner, who joins the firm as Director of Investor Partnerships.