Third-party reinsurance capital news

The continued scaling of alternative, or third‑party reinsurance capital further augmented property catastrophe capacity and increased competitive pressure at the January 2026 renewals, according to S&P Global Ratings, who projects that alternative capital will continue to reach new highs as it complements traditional reinsurance capital.

In the increasingly volatile world of catastrophe risk, the primary hurdle for third-party capital has rarely been the risk itself, but rather the tail; the years-long process of loss adjustment and trapped capital that follows a major event. However, CelsiusPro is making the case that parametric insurance offers a cleaner alternative for institutional investors, according […]

Global reinsurer Hannover Re’s Bermuda-based insurance-linked securities (ILS) platform, Hannover Re Capital Partners, started writing business at the January 1st, 2026, reinsurance renewals, and Sven Althoff, Member of the Executive Board for Property & Casualty, has described the venture’s start as “truly diversified”.

Kevin O’Donnell, the CEO of reinsurer and third-party reinsurance capital manager RenaissanceRe, said today that none of the firm’s investor supported joint-ventures entered 2026 any smaller than they were last year, leading to an expectation of relatively stable fee income ahead.

After Beazley rejected Zurich’s acquisition proposals last month and in 2025, the pair have now reached an agreement in principle on the key financial terms of a possible recommended cash offer, with Zurich lifting the offer to a total value of up to 1,335 pence per Beazley share.

RenaissanceRe, the global reinsurance company and third-party capital manager, established a new catastrophe bond managed account named the Stratos Fund in the second-half of 2025, raising $260.4 million for it, while increasing assets in other third-party capital and ILS vehicles and lifting fee income 31.8% in the fourth-quarter of the year.

While the overall catastrophe bond market saw issuance rising around 40% year-on-year in 2025, broking group Aon saw its activity supporting issuance of new cat bonds rising by more than 50%, CEO Greg Case said today.

MGIC Investment Corporation has now successfully priced and settled its latest 144A mortgage insurance-linked securities (ILS) transaction, securing the targeted just over $323.5 million of collateralized mortgage reinsurance through the Home Re 2026-1 Ltd. transaction.

In order for the global insurance and reinsurance industry to meet the significant risk capital needs of the AI infrastructure and data centre build-out opportunity, securitization and third-party capital are going to be critical, Dean Klisura, CEO of Guy Carpenter said today.

David Flandro of reinsurance broker Howden Re expects alternative, or third-party capital’s important role in the catastrophe space, and increasingly in casualty / specialty lines, to continue.