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The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle. -
The capital will provide retro cover for life-focused reinsurer Fortitude Re.
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Investor interest is warming up following a colder spell over the past several years.
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Key topics include private ILS growth prospects and the longevity of longtail interest.
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A cat-focused vehicle is “the missing piece” of Hannover Re’s ILS offerings, said Silke Sehm.
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It is understood around $1bn of premiums could be ceded to the proposed vehicle.
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The Bermuda reinsurer has been active in ILS since launching in 2007.
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The sidecar will support five programs providing specialty frequency coverages.
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Sources said that the carrier has held preliminary talks with private debt investors.
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Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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The vehicle will be capitalised by an asset manager with more than $100bn in AuM.
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Bohm has held senior roles at BMS, Swiss Re and Aon during his career.
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The capital supported sidecar-style syndicates and reinsurance start-ups.
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The agency noted inflows to cat bond funds and investor interest in private ILS.
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Dedicated reinsurance capital is on track to increase by 8% in 2025, the broker said.
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The global specialty player is also exploring ILS offerings across specialty and cat bonds.
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The CUO has added the role of head of private ILS, joining the executive team.
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The purchase brings Sompo an established ILS platform as part of the deal.
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The ILS play will make the business more capital efficient under new owner Sixth Street.
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The reinsurer plans to repeat its 2025 purchasing for property and specialty protections.
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The sidecar took $19mn of cat losses relating to the California wildfires.
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In Q2 last year, Everest ceded $26mn in losses to Mt Logan.
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Investors are drawing lessons from life deals to find new routes into insurance markets.
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The vehicle will support Ascot’s casualty business in the US and Bermuda.
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The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
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The PRA will also have to report on turnaround time for new approvals against 10-day and six-week targets.
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The Diversified Alternative Fund’s allocation to cat bonds was up by 31% from $386mn at 31 January.
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The Cayman Islands-domiciled SPI now has four institutional backers.
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Property cat-focused sidecar capital was up by approximately 10% in H1.
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The sidecars will provide capacity for reinsurers and large insurance carriers.
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The awards celebration took place at the Hilton Bankside on 25 June.
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The sidecar renewed at $230mn for 2025.
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She was previously head of investor relations and business development for North America and Australia at Securis.
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ILS offers efficient capital for underwriters, but casualty ILS transactions are complex.
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Fox highlighted the increasing role of alternative capital and creative financial vehicles.
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The ILS manager’s total AuM increased to $2.2bn in 2024 from $1.7bn the year prior.
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Fales will focus on creating investment opportunities for the carrier’s specialty reinsurance portfolios.
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Wildfire losses from fronting and ILS activities were EUR438mn.
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The buzz in the air at ILS Connect told of a market entering its next growth phase.
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Commutations need to be optimal for the sponsor and the investor to avoid sponsors taking back chunky risks.
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The renewal and upsizing of the Trouvaille E&S sidecar highlighted the market’s potential.
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Investor interest and capital flows point to potential for ILS proliferation.
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This year’s ceremony will include the inaugural Women in ILS Award presentation.
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An allocation to insurance could “feel like a nice, calm port in the storm” amid wider market volatility.
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The program will provide excess casualty coverage across a broad range of industries.
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Sutton National and Bamboo Ide8 secured $170mn of sidecar and cat bond protection.
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Trouvaille II raised $580mn for 2025, compared to $325mn in 2024.
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The cat bond market surpassed $50bn by the end of Q1 2025.
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The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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Premiums ceded to the ILS vehicle increased by 76% to $433mn.
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The reinsurer had taken the opportunity to buy more limit across event and aggregate covers.
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GP Affluent Markets will look to serve high-net-worth individuals.
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The largest individual net loss at EUR230mn was caused by Hurricane Milton.
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The role oversees the $187bn Canadian pension plan’s ILS allocation.
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Dispersion of returns was high, with the range 0.87% to -3.71%.
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The firm has rotated capital in sidecar Voussoir toward direct investor relationships.
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DaVinci equity plus debt stood at $3.25bn as of 31 December.
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There was a slight increase in DaVinci and Fontana from 31 December 2024 to 1 January 2025.
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The firm ceded $417mn of premiums to the sidecar in 2024.
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Wildfire is rarely singled out as an exposure that can shift portfolio outcomes.
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The firm will match segregated accounts of portfolios to investor mandates.
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The combined entity ranks third in the Insurance Insider ILS leaderboard.
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The LA fires ‘demonstrate the magnitude of tail events not well captured in modelling’.
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The carrier’s reinsurance premiums ceded rose by 32% to $3.4bn in 2024.
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Over 2024, four hurricanes added 13 points of cat-loss impact to the combined ratio.
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The reinsurer has cut the cession rate to 33% from 40% last year.
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Theokli joined the company in 2021 as a senior underwriter.
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A negative January return will be unprecedented for ILS industry.
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Company touts growing investor demand for Asian cat risks.
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The fund returned 15.69% in calendar year 2024.
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