Third-party reinsurance capital news

Liberty Mutual Investments (LMI), the investment arm for Liberty Mutual Group, has hired experienced insurance-linked securities (ILS) market executive Paschal Brooks as Managing Director and Head of Insurance Solutions & Capital Markets.

Aditya Dutt, President of Aeolus Capital Management, has indicated that the re/insurance industry is not making full use of the insurance-linked securities (ILS) investor base by treating the market as just a source of capital, where it should also be viewing it as a source of “strategic possibility”.

As the severity and frequency of natural catastrophe events continue to grow, addressing the protection gap remains an important focus, which has led Moody’s to call out that scaling the capital markets and tapping into the insurance-linked securities market can help narrow the gap as it continues to grow.

Institutional investors that have not yet chosen to allocate capital into insurance-linked securities (ILS) should be considering to do so given the diversification benefits that it offers, as well as its attractive risk-return profile, according to Eveline Takken-Somers, Head of Insurance Linked Investments, at Dutch pension fund service provider, PGGM.

Executives at Howden Capital Markets & Advisory (HCMA) have indicated that as traditional casualty capacity remains constrained, casualty sidecars are becoming a genuine third pillar alongside traditional reinsurance and the balance-sheet, moving beyond being a specialty product for a select number of sophisticated investors.

Enstar, one of the largest legacy and run-off reinsurance specialists in the world, has recently begun fronting for capital providers including insurance-linked securities managers and sees this new offering a diversifying solution for its toolkit and one it intends to selectively develop further, Anguel Zaprianov explained to Artemis in a recent interview.

Insurance-linked securities such as catastrophe bonds are seen as a complementary mechanism to help provide the necessary capital to transfer and fund the risks of large infrastructure projects in Asia, according to Lim Cheng Khai of the Monetary Authority of Singapore (MAS).

Here are the ten most popular news articles, week ending September 20th 2026, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

The global data centre build-out is creating unprecedented risk concentrations in natural disaster zones, and pushing traditional insurance capacity to its limits. Howden sees this as a prime opportunity for the capital markets, as catastrophe peak risk remains the foundations of the insurance-linked securities (ILS) asset class.

Disclosed capital from casualty sidecars since 2024 has surpassed US $2 billion, driven by a specialised investor base taking on long-tail risks, with casualty vehicles accounting for much of the sidecar market’s recent growth, a recent report from rating agency AM Best has highlighted.