Ledger Investing, a marketplace for casualty insurance-linked securities, has announced the successful closing and launch of a new $100 million casualty sidecar facility.
The initiative will provide significant capital to finance the casualty reinsurance business of a global reinsurer, spanning three underwriting years on a quota share basis.
Samir Shah, CEO of Ledger Investing, emphasised the importance of this new development for the company, stating, “This is an important development for Ledger as we expand from primarily securitising MGA-originated portfolios to supporting the long-term capital management of leading (re)insurers. Our experience in capital modeling and structuring was instrumental in developing a flexible and sustainable solution that created value for both sides.”
The deal marks a key milestone for Ledger Investing as it continues to expand its presence in the reinsurance market, leveraging innovative solutions to meet the increasing demand for alternative capital structures.
Alex Freiberg, CEO of Ledger Capital Markets, echoed these sentiments, highlighting the growing interest in casualty insurance-linked securities (ILS) from investors. Freiberg noted “This transaction underscores the significant investor interest we are witnessing in this diversifying asset class.”
He added “The capital efficiencies enabled by casualty ILS are driving a growing demand for these products by (re)insurers.”
