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 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 →

Estera introduces legal services in Bermuda and the Cayman Islands

Estera, a global provider of corporate, fund and trust services including to reinsurance and insurance-linked securities (ILS) markets, is branching out to add legal services to its offering from key locations Bermuda and the Cayman Islands.Estera is a global provider of funds, corporate administration and trust services and an active read the full article →

Pioneer ILS Interval fund shrinks again, but gap between cost & value narrows

Amundi Pioneer Investment Management’s dedicated insurance-linked securities (ILS) mutual investment fund strategy, the Pioneer ILS Interval Fund, saw its net assets shrink by over 6% in the last quarter of record, but encouragingly the gap between the cost of its investments and their value narrowed again.The Pioneer ILS Interval Fund read the full article →

Stone Ridge ILS assets shrinkage slowed to less than 3% in last quarter

The shrinking of Stone Ridge Asset Management’s insurance and reinsurance linked assets under management slowed again in the investment managers last quarter of record, as its ILS assets ended July at $5.78 billion.The rate of decline in ILS assets under management at Stone Ridge has slowed over each recent quarter, read the full article →

Stone Ridge registers fund to support Longtail reinsurance platform

New York based investment manager Stone Ridge Asset Management has registered a new fund to support its capital raising activities around its new Longtail reinsurance platform that we recently revealed the manager to be preparing.We were first to report around a fortnight ago that Stone Ridge Asset Management, a manager read the full article →

Big four reinsurers may exceed Q3 catastrophe budgets on Faxai

Typhoon Faxai's impacts on the global insurance and reinsurance industry is expected to push the big four reinsurers beyond their quarterly natural catastrophe budgets for the third-quarter, with Swiss Re anticipated to take the largest hit given its market share in Japan.Analysts at Deutsche Bank said that they expect all read the full article →

AXIS names Global Treasurer, to assist on Risk Funding & strategic capital partners

AXIS Capital Holdings, the Bermuda domiciled specialty insurance and global reinsurance firm, has promoted Martin McCarty to the role of Global Treasurer, which will see him assist the Risk Funding unit and the firm's growing strategic capital partners pool of investors.AXIS lifted the amount of third-party reinsurance capital assets under read the full article →