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.


Swiss Re sets up its first ILS fund, the Core Nat Cat Fund under 1863 Fund Ltd.

Global reinsurance firm Swiss Re continues to demonstrate its growing commitment to third-party sources of capital and insurance-linked securities (ILS), announcing this morning that it is launching a dedicated ILS fund, the Core Nat Cat Fund, so investors can participate in its natural catastrophe underwriting business. Swiss Re has set up read the full article →

ILS funds reserve for COVID BI exposure on some European cat programs

Some insurance-linked securities (ILS) funds that invest in collateralised reinsurance contracts have been setting reserves for potential exposure to business interruption losses due to the COVID-19 pandemic in a handful of the major European catastrophe reinsurance programs, we understand. We're told that these reserves have largely been set in October, with read the full article →

Rate rises + tighter terms + dislocation + quality cedes = higher ILS return potential

Insurance-linked securities (ILS) market return potential is on the rise and in some cases the portfolios constructed, or added to, at the January 1st 2021 reinsurance renewals, are going to offer significantly higher return potential to investors. The reasons for this are varied and the causes of the situation numerous. But read the full article →

Reinsurance could take brunt of COVID second wave losses: Barclays

Reinsurance capital could find itself on the hook for the largest share of COVID-19 losses from second waves of the virus sweeping Europe, with primary insurers largely happy with their loss-picks so far, analysts at Barclays have said. As Europe entered its second wave proper of the COVID-19 coronavirus pandemic in read the full article →

Swiss Re exploring more permanent alternative capital structures: CFO

During its annual investor day this morning, Swiss Re's CFO John Dacey explained just how important the use of alternative capital and relationships with insurance-linked securities (ILS) investors has become for the company, explaining that it aims to build on its use of ILS capacity and find ways to make read the full article →

Swiss Re targets higher P&C reinsurance profits

Global reinsurance firm Swiss Re looks set to target profitable growth for its property and casualty (P&C) reinsurance business, aiming to underwrite more business in the hardening market at a reduced combined ratio. Swiss Re is targeting an improved combined ratio for its P&C reinsurance business of less than or equal read the full article →

Arch Re hires Brian Lynch from Aon for ILS & retro operations role

Arch Re, the reinsurance underwriting arm of specialty re/insurer Arch Capital Group in Bermuda, has hired Brian Lynch from Aon's insurance management unit for an operational role focused on insurance-linked securities and retrocession. Arch Re leverages retrocessional reinsurance for its own book and also shares risks with third-party investors through insurance-linked read the full article →

Brookfield Asset Management launches reinsurer targeting annuity premium float

Brookfield Asset Management Inc., the giant Canadian headquartered alternative asset manager that has around $575 billion of assets under management, is expanding in the reinsurance space with an annuities strategy through which it expects to secure up to $10 billion of additional float at the start. Brookfield is just the latest read the full article →

Oxbridge Re optimistic on sidecar opportunities, as 2019 investors earn 36%

Oxbridge Re Ltd., the Cayman Islands based reinsurance firm, is optimistic about the opportunities it will see for its fully-collateralised reinsurance sidecar vehicle Oxbridge Re NS Ltd. The company is also optimistic about the prospects for its reinsurance business, which of course will benefit from hardening rates at renewals over the read the full article →

Sidecars & retro won’t pick up many COVID losses from Munich Re: CFO

Munich Re does not expect its collateralised reinsurance sidecar vehicles or its retrocession program to pick up much of its losses from the COVID-19 pandemic, according to the reinsurers CFO. Speaking during a media call this morning, Christoph Jurecka, CFO of Munich Re said that Munich Re continues to focus on read the full article →