Ledger Investing, the insurance coverage expertise (insurtech) and insurance-linked securities (ILS) centered firm, has now surpassed $2 billion in casualty ILS placements with institutional buyers.
Ledger Investing (Ledger) adopts a technology-led strategy to creating insurance coverage dangers investable and has enabled third-party capital suppliers to again a major quantity in casualty premiums to date, cementing its function as a pioneer within the fast-developing casualty ILS house.
Casualty insurance-linked securities (ILS), as a burgeoning phase of the ILS market, has been receiving rising consideration in 2024.
Ledger commented that its expertise and structuring strategy is “opening doorways to a brand new period in casualty ILS.”
The corporate has been seeing fast uptake of its casualty ILS options and funding companies this 12 months.
In August, Ledger announced an agreement with ILS manager Fermat Capital Management, which sees that agency managing casualty ILS funds created by Ledger.
Ledger additionally expanded its casualty ILS capabilities with the launch of two Cayman Islands domiciled subsidiaries, and likewise the formation of Ledger ILS Companies which manages the Cayman casualty ILS platform.
In September, Ledger announced the funding and launch of a new $100 million casualty sidecar for a worldwide reinsurance firm.
Additionally of observe, Ledger was the primary to develop a secondary marketplace for casualty ILS securities, with its largest deal so far a $250 million syndicated trade.
Having solely accomplished its first transaction in 2019, over the subsequent 5 years Ledger has made important progress, taking it to the brand new milestone of greater than $2 billion in casualty ILS positioned with buyers.
As investor demand for brand spanking new insurance-linked alternatives continues to develop, whereas the casualty ILS market is maturing, the long run seems to be shiny for this market phase and it’s an space of insurance-linked securities (ILS) anticipated to steadily develop as the subtle approaches of market members unlocks a probably main supply of insurance coverage threat premium for buyers.
Given the rising curiosity and exercise in casualty ILS, it is set to be a topic of focus at our upcoming ILS NYC 2025 conference, so register soon if you want to attend and learn more about this innovative growth area of the market.
