Third-party reinsurance capital news

Alternative reinsurance capital is reinforcing current reinsurance market trends as total non-life insurance-linked securities (ILS) assets reached $135 billion at year-end 2025, a 19% increase year-on-year.

RenaissanceRe Capital Partners, the third-party reinsurance capital management and insurance-linked securities (ILS) unit of the Bermuda-headquartered reinsurance firm, has promoted Roger Beach to Vice President in the Business Development and Investors Relations function.

Alternative or third-party reinsurance capital, so that deployed through insurance-linked securities and related collateralized structures, grew by 18% over the course of 2025 and 10% just in the fourth-quarter to reach a record $136 billion at the end of the year, according to the latest estimate from broker Aon.

Aspen Capital Markets, the third-party, ILS and alternative reinsurance capital management unit that now falls under Sompo after its acquisition of Aspen, grew its assets under management AUM to a new high of almost $2.73 billion in 2025, representing 23% growth over the year.

As per a new report from Ernst & Young Ltd. (EY), the reinsurance sector is entering a era of “latent market demand” where private equity and alternative capital providers are set to expand their presence by exploring AI-linked securities, cyber catastrophe bonds, and other innovative investment vehicles.

PartnerRe, the Bermuda headquartered reinsurance company, ceded far less in risk to its Lorenz Re Ltd. special purpose insurer in 2025, with reductions in recent years signalling a change in strategy and shift to utilise other structures for its insurance-linked securities investor relationships.

Nephila Capital’s specialty lines focused Syndicate 2358 at Lloyd’s delivered a $35.6 million profit for the 2025 underwriting year, as its gross premiums written soared by 129% to reach over $508.6 million for the period.

The launch of Hiscox Capital Partners, which brings together under a single structure all the capital partnership activity that Hiscox Re has managed for nearly two decades, represents a natural evolution for Hiscox, as it allows the firm to go to market with a broader, more coherent proposition that meets capital partners where they are, […]

US-headquartered insurance holding company W. R. Berkley Corporation has continued to expand its use of its Lifson Re collateralized reinsurance sidecar through 2025, with written premiums ceded to the sidecar rising to $494 million, the highest level the company has recorded to date.

Hannover Re continued to grow the volumes of its activities as a key insurance-linked securities (ILS) market facilitator in 2025, with securitised reinsurance volumes expanding and collateral furnished for fronted ILS arrangements growing as well.