Reinsurance News
reinsurance sidecar
Annuity growth drives reinsurance demand and sidecar popularity: AM Best
24th February 2025
Annuities have grown significantly amid rising interest rates, creating a need for additional capital in the reinsurance market, which has led to increased use of reinsurance and the growing popularity of sidecars to manage risk and support larger deals, according to a recent report by AM Best. The annuity growth has ... Read the full article
MS Amlin completes Phoenix Re sidecar renewal, lifts capacity to $90m for 2025
29th January 2025
Insurer and reinsurer MS Amlin has renewed its Asian-focused insurance-linked securities (ILS) sidecar, Phoenix Re, for the fifth consecutive year, increasing the available collateralised capacity to over $90 million, the company has announced. The Phoenix Re sidecar vehicle provides the re/insurer with quota share support for its reinsurance book in Asia ... Read the full article
Cat bond demand extremely strong, collateralised reinsurance returning: Gallagher Securities
16th January 2025
For various buyers of protection, the insurance-linked securities (ILS) market remains an integral part of their overall reinsurance purchasing decision, and demand for the catastrophe bond product was extremely strong in 2024, while demand for collateralised reinsurance is also returning, according to Gallagher Securities, the insurance-linked securities (ILS) and capital ... Read the full article
CCR Re sponsors seventh vintage of its 157 Re reinsurance sidecar
8th January 2025
French reinsurer CCR Re has sponsored the seventh vintage of its collateralised reinsurance sidecar vehicle, 157 Re 25. According to the announcement, CCR Re has made a number of improvements to the operation of 157 Re to facilitate future renewals, as well as aligning with its strategy of diversifying its sources ... Read the full article
Artemis Live: Capital markets structures for originators webinar – Watch the full replay
17th December 2024
Artemis, our insurance-linked securities (ILS) focused sister publication, has now published the full replay of its live webinar on the use of alternative capital sources by originators of insurance risk, which was held on November 21st, 2024, in association with Artex Capital Solutions. More than 830 people registered ... Read the full article
Allianz launches life reinsurance sidecar Sconset Re
10th December 2024
Global insurer Allianz has established a new independent strategic reinsurance platform called Sconset Re Ltd., which will be capitalized through equity investments from high-quality institutional partners. Located in Bermuda, Sconset Re will specialise in assuming Fixed Indexed Annuity product risk and its asset management, and will aim to deliver more efficient ... Read the full article
Register for Artemis’ live webinar on the use of alternative capital sources by originators of risk
22nd October 2024
Artemis, our insurance-linked securities (ILS) focused sister publication, has partnered with Artex Capital Solutions, the specialist unit of Artex Risk Solutions that creates and manages ILS and related structures, to host a live webinar on the use of alternative capital sources by originators of insurance risk. This ... Read the full article
MS Amlin’s Phoenix sidecar a stable investment opportunity: William Ho
16th October 2024
Chief Executive Officer (CEO) of MS Amlin Asia Pacific, William Ho, in a recent video interview with our insurance-linked securities (ILS) focused sister publication, Artemis, discussed the re/insurer's series of Phoenix sidecar transactions. After renewing a quota share arrangement via reinsurance sidecar vehicle Phoenix 2 Re Pte. Ltd., ... Read the full article
Strong pricing levels for reinsurance propelled ILS market in 2023: AM Best
19th March 2024
According to rating agency AM Best, the strong pricing levels for reinsurance capital was one factor that helped generate a record-breaking year for the insurance-linked securities (ILS) market in 2023. Throughout last year, reinsurance pricing rose in numerous business lines, and notably in property catastrophe, which is where much of the ... Read the full article
MS Amlin completes first ever renewal of ILS arrangement in Singapore with Phoenix 2 Re
25th January 2024
MS Amlin, the Lloyd’s global specialty re/insurer, has confirmed that its Singapore-domiciled operation, MS Amlin Asia Pacific Pte. Ltd (MS AAP), has secured collateralised capacity through numerous investors worldwide for the successful renewal of its local special purpose reinsurance vehicle (SPRV), Phoenix 2 Re. This is the fourth Phoenix Re collateralized ... Read the full article
CCR Re sponsors sixth renewal of its 157 Re sidecar
16th January 2024
French reinsurer CCR Re has sponsored the sixth renewal of its reinsurance sidecar vehicle, 157 Re 24. According to the firm, access to the insurance-linked securities (ILS) market is an important part of its retrocession strategy, and despite another tight retrocession market this year, it still managed to take full advantage ... Read the full article
Ark reinsurance sidecar Outrigger Re renewed for 2024 with $250m of capital
22nd December 2023
White Mountains Insurance Group Ltd's specialty P&C re/insurance subsidiary, Ark Insurance Holdings Limited, has sponsored a renewal of its $250 million reinsurance sidecar, Outrigger Re Ltd. for the 2024 calendar year, on similar terms as were in effect for 2023. "Outrigger, a reinsurance sidecar, has again entered into a quota share ... Read the full article
RGA and RenRe to wind down life & annuity reinsurer Langhorne Re
15th February 2023
Langhorne Re, the global reinsurer targeting large in-force life and annuity blocks launched in 2018 by Reinsurance Group of America (RGA) and RenaissanceRe (RenRe), is being wound down as it failed to complete any deals and its capital commitments expired without renewal, as first reported by our sister publication Artemis. Read the full article
CCR Re launches 157 Re sidecar for 2023 with 40% more capital raised
18th January 2023
CCR Re, the French state-owned reinsurer, has sponsored the fifth renewal of its 157 Re 23 sidecar vehicle, increasing the capital raised on the previous year despite an extremely tight retrocession marketplace. According to the reinsurer, it succeeded in increasing the capital raised by over 40% when compared to 2022, ... Read the full article
FG announces reinsurance sidecar to bolster portfolio growth
21st December 2022
Reinsurance and financial management holding company FG Financial Group has announced that its reinsurance subsidiary, FGRe, has formed a reinsurance sidecar, FG Re Investors I LLC, to provide collateralised capacity to support its growing reinsurance portfolio. According to the firm, the new reinsurance sidecar intends to raise third-party investor capital to ... Read the full article
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