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Sidecars

  • Capital raising
    laurent rousseau 2024.png
    Private credit world has ‘significant dry powder’ for sidecar deals: GC
    MGA/wholesale-type capacity transactions are expected to be a driver of segment’s growth.
    Liz Bury, 13 January 2026
  • Sidecars
    Calidris Investment Partners.png
    Calidris appoints Foley and Osborne to leadership team
    The insurance-focused investment manager also named RedBird Capital as a backer.
    Jai Singh, 13 January 2026
  • Sidecars
    abstract blurred early sunlight of teal and gold color sky background with lens flare light for design element as banner , presentation
    Investor Culpeper targets further casualty ILS buildout
    Fresh from a deal with QBE Re, the investment firm discusses drivers of casualty ILS growth.
    Fiona Robertson, 12 January 2026
  • Sidecars
    abstract finance growth assets earnings results.png
    Industry and financial markets factors will support ILS growth in 2026
    The breadth of strategies targeted by ILS start-ups signals where the industry is heading.
    Liz Bury, 12 January 2026
  • Sidecars
    abstract handshake dot art ii ils.png
    Tangency Capital wins $100mn-$300mn mandate from Australia’s Funds SA
    The investment will be the first allocation to ILS for the public sector pensions investor Funds SA.
    Jai Singh, 09 January 2026
  • Sidecars
    guy carpenter logo monitor.png
    Guy Carpenter launches sidecar centre of excellence
    The unit will be led by Ed Hochberg, global risk solutions leader at Guy Carpenter.
    Jai Singh, 08 January 2026
  • Sidecars
    ark logo.png
    Ark renews Outrigger Re at $70mn for 2026, a 70% reduction on 2025
    White Mountains provided no capital to this year’s placement.
    Jai Singh, 07 January 2026
  • Sidecars
    business background of businessman having handshake
    QBE Re launches $550mn casualty sidecar George Street Re
    The sidecar has backing from Culpeper Capital Partners, Calidris Investment Partners and Compre.
    Jai Singh, 07 January 2026
  • Catastrophe bonds
    interest rates finance data results earnings financial.png
    Cat bond market has room for further rate cuts: GC Securities
    The broker deal has projected cat bond new issuance of $19bn-$21bn for 2026.
    Liz Bury, 06 January 2026
  • Sidecars
    aon logo 2024 light blue.png
    Third-party capital reaches $124bn by Q3 2025: Aon
    The Aon Cat Bond Total Return Index delivered gains of 11.6% in 2025.
    Jai Singh, 05 January 2026
  • Sidecars
    guy carpenter logo.png
    Guy Carpenter expects new sponsors to tap into sidecar market in 2026
    Potential sidecar investors include alternative asset managers and ILS firms.
    Jai Singh, 31 December 2025
  • Sidecars
    US Currency: Wads of US bills fastened with rubber bands, close-up
    Longtail Re to hit $6bn in AuM by year end
    The casualty-focused retro vehicle has produced an annualised RoE of 20% since 2020.
    Jai Singh, 30 December 2025
  • InsurTech
    Ledger Investing.jpg
    Ledger Investing launches SaaS platform Korra for casualty ILS
    The offering is born out of software Ledger developed to manage its own portfolio since 2021.
    Liz Bury, 09 December 2025
  • Bermuda
    abstract handshake dot art ii ils.png
    Jireh and SRS launch operational services firm OpIngen
    The firm will support administration of casualty ILS and other data-rich transactions.
    Jai Singh, 09 December 2025
  • Sidecars
    finance abstract data earnings results financial returns.png
    Sidecar returns for 2025 below prior years but still highly attractive
    The outcome of Eaton Fire subrogation is an uncertainty for some vehicles.
    Liz Bury, 24 November 2025
  • Sidecars
    abstract finance data earnings results.png
    Five themes for ILS from Q3 earnings
    Carriers are grappling with a rush of investor interest in longer-tail lines.
    Liz Bury, 17 November 2025
  • Sidecars
    everest logo.png
    Everest halved premiums ceded to Mt Logan to $115mn in Q3
    Mt Logan’s Q3 loss ratio improved by 44.2 points to 11.5% for the quarter.
    Jai Singh, 12 November 2025
  • Sidecars
    ark logo.png
    Ark sidecar Outrigger Re posts 9M combined ratio of 63%
    Pre-tax income at the vehicle was $30mn in the first nine months of 2025.
    Jai Singh, 06 November 2025
  • Specialty lines
    Vince Tizzio 2023.jpg
    Axis to retain a third of GWP generated from RAC Re sidecar: Tizzio
    CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
    Kyoung-son Song, 31 October 2025
  • Cyber
    Cyber Market.png
    Reaching full cyber bond market potential will be a phased journey
    Competition on price from traditional markets is weighing on bond market momentum.
    Liz Bury, 27 October 2025
  • Re/insurers
    abstract blurred beautiful interior of lobby reception condominium background with bokeh light from lamp ,for presentation , banner design
    FCA Re to support Fortitude Re’s growth in Asia with $700mn in capital
    The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
    Jai Singh, 21 October 2025
  • Reinsurance
    bermuda buildings street cars hamilton bermuda.png
    Fortitude Carlyle Re sidecar receives $250mn investment from T&D United
    The capital will provide retro cover for life-focused reinsurer Fortitude Re.
    Jai Singh, 21 October 2025
  • ILS managers
    finance growth results earnings.png
    Postcard from Bermuda: ILS sector anticipates delivering three strong years
    Investor interest is warming up following a colder spell over the past several years.
    Liz Bury, 20 October 2025
  • Catastrophe bonds
    hamilton bermuda.png
    Four major conversation points for the ILS market at Convergence 2025
    Key topics include private ILS growth prospects and the longevity of longtail interest.
    Jai Singh, 13 October 2025
  • Sidecars
    hannover re logo.png
    Hannover Re in process of forming property cat sidecar
    A cat-focused vehicle is “the missing piece” of Hannover Re’s ILS offerings, said Silke Sehm.
    Jai Singh, 10 October 2025
  • Re/insurers
    liberty mutual insurance building boston massachusetts.jpg
    Liberty Mutual prepares to launch raise for casualty sidecar
    It is understood around $1bn of premiums could be ceded to the proposed vehicle.
    Adam McNestrie, 06 October 2025
  • Sidecars
    abstract blurred early sunlight of teal and gold color sky background with lens flare light for design element as banner , presentation
    PartnerRe scopes potential investor support for casualty vehicle
    The Bermuda reinsurer has been active in ILS since launching in 2007.
    Liz Bury, 19 September 2025
  • Sidecars
    Platinum-Underwriters-2025.png
    Platinum’s Gambit Re raises ~$30mn retro sidecar to support growth
    The sidecar will support five programs providing specialty frequency coverages.
    Liz Bury, 16 September 2025
  • Reinsurance
    Everest Brown Paper.jpg
    Everest explores sidecar for casualty reinsurance business
    Sources said that the carrier has held preliminary talks with private debt investors.
    Adam McNestrie, 09 September 2025
  • Sidecars
    Fleming Insurance Holdings Brick Logo.jpg
    Fleming Insurance to raise casualty sidecar of $100mn-$125mn
    Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
    Adam McNestrie, 08 September 2025
  • Sidecars
    Ryan Specialty Paper.jpg
    Ryan Specialty launches Flexpoint- and Sixth Street-backed sidecar, RAC Re
    Ryan Alternative Capital Re was launched in partnership with Axis Capital.
    Abbie Day, 05 September 2025
  • Sidecars
    abstract blurred beautiful interior of lobby reception condominium background with bokeh light from lamp ,for presentation , banner design
    MultiStrat receives fresh capital for casualty reinsurance vehicle
    The vehicle will be capitalised by an asset manager with more than $100bn in AuM.
    Jai Singh, 05 September 2025
  • Sidecars
    gallagher logo.png
    Gallagher Securities names Bohm head of structuring 
    Bohm has held senior roles at BMS, Swiss Re and Aon during his career.
    Jai Singh, 04 September 2025
  • Property treaty
    Lloyds Motion.jpg
    ILS platform London Bridge 2 supports £2.2bn of new capital over H1
    The capital supported sidecar-style syndicates and reinsurance start-ups.
    Jai Singh, 04 September 2025
  • Property treaty
    am best logo general 2024 v2.png
    AM Best estimates 10% growth in ILS capital to $114mn in 2025
    The agency noted inflows to cat bond funds and investor interest in private ILS.
    Liz Bury, 02 September 2025
  • Property treaty
    gallagher logo.png
    Alternative re capital grew 3.6% to $118bn as of mid-year: Gallagher Re
    Dedicated reinsurance capital is on track to increase by 8% in 2025, the broker said.
    Mehr Gill, 02 September 2025
  • Sidecars
    ascot insurance general 2024.png
    Ascot aims to establish Wayfare Re as an 'evergreen' source of capital
    The global specialty player is also exploring ILS offerings across specialty and cat bonds.
    Liz Bury, 01 September 2025
  • Talent
    Twelve-Securis-2025.png
    Twelve Securis restructures private ILS team as Lloyd steps away
    The CUO has added the role of head of private ILS, joining the executive team.
    Liz Bury, 27 August 2025
  • M&A
    Sompo-Aspen-2025.png
    Sompo acquires Aspen for $3.5bn
    The purchase brings Sompo an established ILS platform as part of the deal.
    Samuel Casey, 27 August 2025
  • Legacy
    Enstar Black Fade.jpg
    Enstar sets up legacy sidecar Scaur Hill Re with $300mn from a family office
    The ILS play will make the business more capital efficient under new owner Sixth Street.
    Adam McNestrie, 26 August 2025
  • Retrocession
    Sven-Althoff-Hannover-Re-2025.jpg
    Hannover Re’s ‘base assumption’ is no retro change for 2026: Althoff
    The reinsurer plans to repeat its 2025 purchasing for property and specialty protections.
    Liz Bury, 12 August 2025
  • Sidecars
    WhiteMountains-2025.png
    Outrigger Re H1 combined ratio rises to 120% on LA fire losses
    The sidecar took $19mn of cat losses relating to the California wildfires.
    Liz Bury, 07 August 2025
  • Sidecars
    everestre-office-bermuda.jpg
    Everest cedes $80mn written premium and zero losses to Mt Logan in Q2
    In Q2 last year, Everest ceded $26mn in losses to Mt Logan.
    Jai Singh, 04 August 2025
  • ILS investors
    Brian Tobben.png
    The new wave of casualty ILS is extending the playbook of major life SPVs
    Investors are drawing lessons from life deals to find new routes into insurance markets.
    Liz Bury, 04 August 2025
  • Sidecars
    bermuda flag bermuda.jpg
    Ascot and Antares Capital launch $500mn casualty sidecar Wayfare Re
    The vehicle will support Ascot’s casualty business in the US and Bermuda.
    Jai Singh, 31 July 2025
  • Sidecars
    SageSure-2025.png
    SageSure places inaugural $50mn Seawall Re retro sidecar
    The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
    Liz Bury, 29 July 2025
  • UK and Europe
    Houses Of Parliament in the morning
    UK consults on proposals for 'new flexibilities' in ILS regime
    The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
    Liz Bury, 15 July 2025
  • Sidecars
    abstract blurred beautiful interior of lobby reception condominium background with bokeh light from lamp ,for presentation , banner design
    Stone Ridge mutual AuM stood at $5.2bn as of 30 April
    The Diversified Alternative Fund’s allocation to cat bonds was up by 31% from $386mn at 31 January.
    Liz Bury, 04 July 2025
  • Sidecars
    accelerant logo.jpg
    Accelerant renews Flywheel Re, with upsized $105mn from Barings affiliates
    The Cayman Islands-domiciled SPI now has four institutional backers.
    Liz Bury, 01 July 2025
  • Renewals
    Brokers, specialty lines, commercial lines
    ILS capital reached $117.5bn as of 31 March: Gallagher Re
    Property cat-focused sidecar capital was up by approximately 10% in H1.
    Fiona Robertson, 01 July 2025
  • Sidecars
    aon logo.png
    Several casualty-focused sidecars to close in 2025-26: Aon
    The sidecars will provide capacity for reinsurers and large insurance carriers.
    Liz Bury, 30 June 2025
  • All sections
    ILS-Awards-2025.png
    RenRe, SageSure among winners at Insurance Insider ILS Awards 2025
    The awards celebration took place at the Hilton Bankside on 25 June.
    Jai Singh, 26 June 2025
  • Sidecars
    white mountains.png
    White Mountains expecting 32% Outrigger Re underwriting return
    The sidecar renewed at $230mn for 2025.
    Jai Singh, 09 June 2025
  • ILS managers
    alison wallis.jpg
    Wallis joins Tangency in investor relations manager role
    She was previously head of investor relations and business development for North America and Australia at Securis.
    Jai Singh, 03 June 2025
  • Analysis
    ILS Reinsurance Tower Digital City Cyber.png
    Is casualty ILS likely to catch on as cat ILS did?
    ILS offers efficient capital for underwriters, but casualty ILS transactions are complex.
    Liz Bury, 02 June 2025
  • Commercial Lines
    queens new york elevated subway.png
    ‘Innovative capital structures’ on the rise: Howden Re’s Fox
    Fox highlighted the increasing role of alternative capital and creative financial vehicles.
    Meg Green, 22 May 2025
  • Sidecars
    aspen logo.png
    Aspen Capital Markets generated 50% of fee income from casualty
    The ILS manager’s total AuM increased to $2.2bn in 2024 from $1.7bn the year prior.
    Jai Singh, 20 May 2025
  • Talent
    Steve Fales.png
    Vantage hires Fales as SVP, investor relations
    Fales will focus on creating investment opportunities for the carrier’s specialty reinsurance portfolios.
    Jai Singh, 13 May 2025
  • Catastrophe losses
    hannover re logo 2024.png
    Hannover Re to cede EUR230mn of LA wildfire losses to retro partners
    Wildfire losses from fronting and ILS activities were EUR438mn.
    Abbie Day, 13 May 2025
  • Opinion
    PE Business Conference Meeting Presentation: Businessman does Financial Analysis talks to Group of Businessspeople. Projector Screen Shows Stock Market Data, Investment Strategy, Revenue Growth
    ILS is in ‘good problems to have’ mode as it anticipates non-cat expansion
    The buzz in the air at ILS Connect told of a market entering its next growth phase.
    Liz Bury, 06 May 2025
  • ILS managers
    ils panel discussion unlocking may 2025.png
    Casualty ILS interest peaking, with bank rates supporting sentiment: panel
    Commutations need to be optimal for the sponsor and the investor to avoid sponsors taking back chunky risks.
    Jai Singh, 02 May 2025
  • Property treaty
    london skyline london buildings.png
    E&S market primed for growth with support of ILS capital
    The renewal and upsizing of the Trouvaille E&S sidecar highlighted the market’s potential.
    Jai Singh, 01 May 2025
  • London market
    business.jfif
    The ILS market is shifting into 2.0 mode as investors seek out diversifiers
    Investor interest and capital flows point to potential for ILS proliferation.
    Liz Bury, 28 April 2025
  • ILS managers
    2025-ILS-Awards-v2.png
    Shortlist announced for Insurance Insider ILS Awards 2025
    This year’s ceremony will include the inaugural Women in ILS Award presentation.
    Jai Singh, 24 April 2025
  • Sidecars
    david paulsson.png
    MGA-linked sidecars will draw capital for sustained absolute returns: Paulsson
    An allocation to insurance could “feel like a nice, calm port in the storm” amid wider market volatility.
    Liz Bury, 22 April 2025
  • Casualty/GL
    amwins logo.png
    Amwins’ Special Risk Underwriters launches excess casualty sidecar program
    The program will provide excess casualty coverage across a broad range of industries.
    Clark Mindock, 16 April 2025
  • Sidecars
    Sutton National Purple.jpg
    Sutton National places $70mn Greenshoots Re sidecar
    Sutton National and Bamboo Ide8 secured $170mn of sidecar and cat bond protection.
    Jai Singh, 08 April 2025
  • Commercial Lines
    Reciprocal, minority investment, majority investment, valuation, investments, private equity, capital raise, strategic option
    AmRisc raises $580mn for coastal E&S sidecar Trouvaille Re renewal
    Trouvaille II raised $580mn for 2025, compared to $325mn in 2024.
    Kyoung-son Song, 03 April 2025
  • Reinsurance
    aon logo.png
    ILS capital grew 6% to reach $115bn in 2024: Aon
    The cat bond market surpassed $50bn by the end of Q1 2025.
    Jai Singh, 01 April 2025
  • Sidecars
    Ryan Specialty 3D Glass Icon.jpg
    Ryan Specialty Underwriting Managers targeting ~$300mn global sidecar
    The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
    Liz Bury, 27 March 2025
  • Sidecars
    Everest Brown Paper.jpg
    Everest ceded $188mn of losses to Mt Logan in the full-year 2024
    Premiums ceded to the ILS vehicle increased by 76% to $433mn.
    Liz Bury, 14 March 2025
  • Retrocession
    residential neighborhood Oakwood, Ohio housing house mortgage.png
    Retro and property cat markets 'in sync': Hannover Re’s Althoff
    The reinsurer had taken the opportunity to buy more limit across event and aggregate covers.
    Jairo Ibarra, 13 March 2025
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