Reinsurance sidecars news

Enstar, one of the largest legacy and run-off reinsurance specialists in the world, has launched its first direct third-party capital play, a $300 million casualty reinsurance sidecar named Scaur Hill Re Ltd. which is backed by a number of institutional investors, Artemis has learned.

According to equity analysts from Berenberg, alternative capital and insurance-linked securities instruments have become an increasingly important component of property catastrophe reinsurance limit, notably in the United States as cedants see value in diversified sourced capital.

Challenger Life, a large Australian life and retirement income underwriter and investor, saw its insurance-linked investment allocation shrink slightly over the course of the last year, but cited higher catastrophe bond distributions as one driver of improved investment yields in the financial year.

According to a recent report from Fitch Ratings, partnerships between North American insurers and alternative investment managers are expected to continue to keep growing over the near term, particularly through sidecars and offshore reinsurance platforms.

Hannover Re is currently operating on the assumption that its retrocession needs for 2026 will result in a similar placement as we saw at the start of this year, unless pricing proves particularly compelling to purchase more, Sven Althoff, Member of the Executive Board for Property & Casualty (P&C) explained today.

White Mountains reported that in the first six months of 2025, its investment into the Outrigger Re collateralized reinsurance sidecar, that supports its P&C insurance and reinsurance subsidiary Ark, was impacted by the Los Angeles wildfires, which contributed to a pre-tax income of just $0.3 million for the sidecar in the period, as well as […]

Blackstone has again demonstrated its appetite to source insurance and reinsurance-linked opportunities for private capital clients with a newly announced life and annuities flow reinsurance sidecar-like structure established for F&G Annuities & Life, Inc. and backed by $1 billion of capital from Blackstone managed funds.

W. R. Berkley Corporation, the US headquartered insurance holding company, has continued to make greater use of its Lifson Re collateralized reinsurance sidecar structure through the second-quarter of 2025, with written premiums ceded to the sidecar now up by 76% year-on-year for the first-half, at $362 million.

Mt. Logan Re Ltd., the third-party capitalised sidecar-like structure operated by Everest Group’s Mt. Logan Capital Management unit, received some 48% more in premiums from its parent Everest over the course of the first-half of 2025.

AXA XL, the commercial P&C underwriting arm of AXA Group, grew its gross reinsurance premiums written by 11% through the first-half of 2025, with alternative capital sources from third party and ILS investors supporting this expansion of the business.