



Ledger is a specialized broking and advisory firm exclusively focused on casualty insurance-linked securities (ILS) — a rapidly emerging asset class at the intersection of insurance and capital markets. We are the preeminent intermediary connecting insurers, reinsurers, and fronting carriers seeking access to new capital from institutional investors.
Ledger makes it easier for risk markets to tap into the power of casualty ILS. Our structured transactions create flexible, off-balance sheet solutions that generate capital efficiency, strategic flexibility, and access to alternative sources of capital.
Ledger has been a first mover in connecting insurance risk to the broader capital markets and works with a broad range of risk markets, including some of the largest, publicly traded global (re)insurers.
Ledger's in-house securities broker-dealer and placement agent, Ledger Capital Markets, exclusively focuses on the insurance structured finance market.
Casualty ILS is an attractive asset class for private credit / special situations funds, family offices, pension funds, and sovereign wealth funds looking to access an uncorrelated stream of cash flows based on a diversified pool of risk, exhibiting a risk-return profile similar to private credit and other asset-backed securities.
