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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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Improved performance and growing investment returns played a role in the upgrade.
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The Bermuda reinsurer has been active in ILS since launching in 2007.
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The ILS manager has $6.8bn in assets and will be led by MariaGiovanna Guatteri.
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The measures also seek to encourage greater wildfire mitigation efforts.
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The sidecar will support five programs providing specialty frequency coverages.
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The syndicate is targeting capital allocation for 1 January, the company confirmed.
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Cat bonds have outperformed private ILS strategies in the YTD, according to ILS Advisers.
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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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Hannover Re Capital Partners is in talks with two investors for 1 January launch.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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The Japanese carrier has agreed to buy Aspen for a realization of $3.5bn.
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The ILS play will make the business more capital efficient under new owner Sixth Street.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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Cat portfolios generally grew, but casualty approaches varied.
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The vehicle will support Ascot’s casualty business in the US and Bermuda.
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The broker has nearly 20 years of experience in the reinsurance and retro markets.
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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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How is The Fidelis Partnership choosing to launch into new insurance classes as it rapidly expands?
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The man is alleged to have conspired with others to falsify LOCs and collateral letters.
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The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn.
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The programme will succeed the previous buyback launched in 2023.
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Gallagher Re said rates had softened in 2025 versus the prior two years.
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Sentiment at the ILS Connect event hosted by Insurance Insider ILS was generally positive.
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We assess the Bermudian’s standing amid waning investor sentiment and economic uncertainty.
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The state insurer of last resort is set to purchase $2.89bn of reinsurance this year.
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Its 2025 programme exhausts at $9.5bn excess $1bn.
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The firm acted as the front for Trouvaille Re, the E&S property sidecar for MGA AmRisc.
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Being the “new kid” has created interest in the market, Mereo CEO Croom-Johnson added.
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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The broker has also hired fellow Aon broker Barry Gordon in a role trading ILWs.
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The business will still look at large non-life deals in particular in-the-money ADCs.
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The investment recovery will be welcome but Chinese tariffs will contribute to loss-cost inflation.
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European reinsurers, London market carriers and composites all enjoyed healthy trading.
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Erik Manning is joining the business from BMS as head of ceded reinsurance.
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The announcement spurred a quick spike in stock market valuations.
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Trade credit and marine are among the lines facing direct impacts amid a broader inflationary challenge.
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Swiss Re and Talanx led the gains among listed European carriers.
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The asset manager has hired Rom Aviv as head of ILS.
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Markets have taken a battering across the globe following the “Liberation Day” announcement.
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Elizabeth Wooliston said the immediate concern would be managing ‘value at risk’.
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Trouvaille II raised $580mn for 2025, compared to $325mn in 2024.
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Insurance share prices were resilient amid today’s market meltdown.
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Total reinsurer capital grew by $45bn in 2024 to $715bn.
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Recent transactions on the platform include cat bonds from Flood Re and Brit.
