Third-party reinsurance capital news

This video features an expert panel discussing finding balance for sponsors and investors in the catastrophe bond segment of the insurance-linked securities (ILS) market at our Artemis ILS NYC 2025 conference, which was held in New York on February 7th 2025.

RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, has raised almost $462 million in new third-party capital across its range of joint-ventures and insurance-linked securities (ILS) funds in the first-quarter of 2025, but the California wildfires saw losses shared with investors and dented the firms fee income for the period.

Hannover Re’s insurance-linked securities (ILS) market facilitation activities continued to expand in 2024, with the number of collateralised reinsurance participations fronted for investors rising, while its catastrophe bond fronting also grew to a new record level.

RenaissanceRe’s key position in third-party capital management and property-catastrophe reinsurance has cemented its competitive edge, according to S&P Global Ratings, which has revised the outlook on the Bermuda-based reinsurer and its subsidiaries to positive from stable.

Tangency Capital Ltd., an investment manager in the insurance-linked securities (ILS) space with a focus on reinsurance quota share instruments, has expanded its assets under management to $2.3 billion in 2025 and is seeing continued demand from its reinsurer counterparts, according to COO Dominik Hagedorn.

This video features an expert panel discussing the investment opportunity in parametric insurance-linked securities (ILS) at our Artemis ILS NYC 2025 conference, which was held in New York on February 7th 2025.

Fermat Capital Management, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has told Artemis that the firm was not consulted on the termination of its investment management partnership with GAM.

As Hong Kong continues to focus on developing insurance-linked securities (ILS) as a key market segment, a position paper from advisory body the Financial Services Development Council states that further integrating ILS products into its own investment portfolios would help the government encourage investors to consider allocating to the asset class.

The lawsuit filed by Porch Group against broker Gallagher Re regarding the Vesttoo reinsurance letter of credit (LOC) collateral fraud has been dismissed with prejudice by the Texas court. But Porch has said it intends to continue to pursue recourse in the matter.

Swiss Re Insurance-Linked Investment Management Ltd. (SRILIM), one of the specialist insurance-linked securities (ILS) fund management units of the global reinsurance firm, has a new Chief Executive Officer (CEO), as long-standing employee Bernard Bachmann stepped into the role this month, Artemis has learned.