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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Cat bonds to break records, but Collateralized Re to outpace: Reader poll

Our readers forecast more than $12 billion of catastrophe bond issuance in 2021, which would see the market setting a new record. But in terms of which area of insurance-linked securities (ILS) is likely to grow fastest, the collateralized reinsurance market is forecast to outpace cat bond market growth this read the full article →

SiriusPoint planning a “sidecar-like” retrocession program

SiriusPoint, the new international insurance and reinsurance firm that will be launched out of the coming together of Third Point Re and Sirius Group, is planning for its retrocession program to be "sidecar-like", the company said. SiriusPoint came about after Bermuda headquartered, once total return focused reinsurer Third Point Re and read the full article →

Retro market more balanced than first feared at Jan 1: Vickers, Willis Re

A combination of forces coalesced in the second-half of 2020 which served to reduce demand for retrocession capacity at 1/1, resulting in a less constrained marketplace than initially expected, according to James Vickers, Chair of Willis Re International. In the retro market at the key, January 1st, 2021 reinsurance renewals, “you read the full article →

CCR Re renews 157 Re sidecar for 2021, invests collateral in EBRD bonds

CCR Re, the French state-owned reinsurance firm, has renewed its 157 Re collateralised reinsurance sidecar vehicle for 2021 at an unspecified size. It's the third annual issuance of the 157 Re reinsurance sidecar from CCR Re, which remains the first and only insurance-linked securities (ILS) vehicle to be governed by French read the full article →

Peak Re renews Lion Rock Re sidecar for 2021

Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered global reinsurer that is majority backed by Fosun International, has renewed its collateralised reinsurance sidecar vehicle Lion Rock Re Ltd. for the third year in succession. At this stage, we're not sure about the total size of Peak Re's reinsurance sidecar read the full article →

Munich Re reinsurance sidecar Eden Re shrinks to $235m for 2021

Munich Re has now completed the usual two tranche issuance for the renewal of its fully collateralized reinsurance sidecar vehicle Eden Re II Ltd., with the amount of capital backing the sidecar for 2021 down some 18% at $235 million. As we reported back in December, Munich Re completed the issuance read the full article →

Canopius enhances Bermuda platform with Class A licence for Canopius Re

Global specialty insurance and reinsurance group Canopius has expanded the utility and importance of its Bermuda reinsurance  and insurance-linked securities (ILS) platform, reclassifying its reinsurer Canopius Re to have a Class 4 Reinsurer licence. Canopius’s Bermuda reinsurance and ILS operations consist of: Canopius Re Ltd (now a Class 4 Reinsurer); Canopius read the full article →

Top ILS manager assets increased through H2 2020

As a group, the assets under management of the top-tier of insurance-linked securities (ILS) investment fund managers had increased through the second-half of 2020, Artemis' data shows. According to data included in our Artemis Insurance Linked Securities Investment Fund Manager Directory, in which we list dedicated ILS investment managers, asset managers read the full article →

Alternative capital hit $92bn as reinsurance returned to pre-pandemic high: Aon

Global reinsurance capital levels returned to their pre-pandemic high at $625 billion by the end of September 2020, with a slight rise in alternative reinsurance capital recorded during the third-quarter by broker Aon. The insurance and reinsurance brokers latest measure of reinsurance capital around the world sees traditional reinsurance capital at read the full article →

Bermuda Stock Exchange (BSX) ILS listings soar in busy 2020

The Bermuda Stock Exchange (BSX) has listed almost 100 more insurance-linked securities (ILS) and catastrophe bond tranches during the record-breaking issuance year of 2020, than it did in the prior year. As a result, the BSX's ILS specific listings, which are largely catastrophe bonds, mortgage insurance-linked securities (ILS), reinsurance sidecar notes read the full article →