Third-party reinsurance capital news

According to Gallagher Re, reinsurers within the EMEA regions looked to obtain growth across Europe at the key 1/1 renewals, with many offering more capacity as they aimed to achieve their growth mandates which came almost exclusively from incumbent reinsurers, in part empowered with ILS-fueled new sidecar capacity. 

According to ratings agency AM Best, underlying insurance-linked securities (ILS) capital expanded throughout 2024 due to a large quantity of investors reinvesting their earnings across the market, which further expanded deployable ILS capacity.

AXIS Capital, the Bermuda based specialty insurance and reinsurance company, reported a significant 39% increase in fee income generated from its work with third-party investors for full-year 2024.

RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, has reported raising almost $238 million in additional third-party capital from investors for some of its ILS structures in time for the 1/1 renewal season, while over the course of 2024 investors benefited from strong earnings from joint-ventures and ILS funds.

Radix Insurance Linked Strategies (Radix ILS) has been founded by former Hamilton ILS executive Hanni Ali as a new Bermuda-based third-party capital manager and reinsurance capacity deployment company with a technology-first focus.

The insurance-linked securities (ILS) and reinsurance investments portfolio of Dutch pension PFZW, which is managed by pension investment firm PGGM, delivered a 15.1% return for full-year 2024, while in asset terms the allocation was a little down year-on-year but flat through the fourth-quarter.

There are only two weeks left until our next catastrophe bond and insurance-linked securities (ILS) conference. Artemis ILS NYC 2025 is being held in New York on February 7th. With space now running low, please register to ensure you can join us at the event.

With the catastrophe bond and insurance-linked securities (ILS) market expected to continue growing by analysts at investment bank Jefferies, they say that this will necessitate a continued expansion further into new and secondary perils, to offer broader risk management for re/insurers and an increasingly diversified investment choice for allocators.

With just a few weeks left to register for our upcoming catastrophe bond and insurance-linked securities (ILS) conference, Artemis ILS NYC 2025 is being held in New York on February 7th, here’s a look at who you can meet on the day. Register here to ensure you can join us at the event.

Fermat Capital Management, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, reached a new milestone in terms of cat bond and ILS assets under management at the end of 2024, surpassing the $10 billion level for the first time.