Sidecars
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Fresh from a deal with QBE Re, the investment firm discusses drivers of casualty ILS growth. -
The unit will be led by Ed Hochberg, global risk solutions leader at Guy Carpenter.
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The sidecar has backing from Culpeper Capital Partners, Calidris Investment Partners and Compre.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
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The capital will provide retro cover for life-focused reinsurer Fortitude Re.
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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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The private ILS segment took losses from LA wildfires and Mid-West severe convective storms in H1 2025.
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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.
