Ledger Investing closes $100 million casualty sidecar with global reinsurer

Marketplace for casualty insurance-linked securities Ledger Investing announced funding and launch of a new casualty sidecar facility. This sidecar will provide up to $100 million of capital to finance the casualty reinsurance business of a global reinsurer over three underwriting years on a quota share basis.

“This is an important development for Ledger as we expand from primarily securitizing 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.” – Samir Shah, CEO of Ledger.

“This transaction underscores the significant investor interest we are witnessing in this diversifying asset class. The capital efficiencies enabled by casualty ILS are driving a growing demand for these products by (re)insurers.” – Alex Freiberg, CEO of Ledger Capital Markets.