Diversify your portfolio with casualty ILS
Ledger's insurance-linked securities offer low-beta, mean-reverting, attractive risk-adjusted returns.*
- Low correlation
with markets - Attractive
risk-adjusted returns - Minimal
volatility
The most compelling way to access insurance risk*
Objective risk modeling
Ledger uses modern statistical techniques that have been reviewed by industry experts and can be backtestedReal-time data
Unrivaled transparency into risk originator’s premiums, claims, reserves, and moreFlexible access
Access ILS via syndicated transactions, SMAs, or co-mingled funds*
Why casualty insurance belongs in your portfolio
High risk-adjusted returns
Attractive relative performance to traditional public market and private asset classes, based on data between 2002 and 2022
Low volatility
Portfolio volatility is reduced by sharing losses with insurance companies and pooling many uncorrelated programs together
Low correlation
Casualty insurance industry performance exhibits mean-reverting characteristics and remains decoupled from broader markets
ILS structures align with investor preferences*
Casualty ILS exhibit low correlation to traditional financial markets. Individual ILS exhibit low beta to each other
Portfolios of casualty ILS lowers standard deviation of return, similar to a reinsurance company balance sheet
Risk originators share in the risk by placing a portion of their commission at risk which incentivizes profitable underwriting
Ledger negotiates collateralization schemes (such as capital ramp-up and loss ratio limits) to maximize returns
Cash flowing structures with early amortization provide for short WAL
Commutation clauses are structured on every transaction; run-off and secondary sale opportunities offer additional liquidity
Casualty insurance risk performance is stable and mean-reverting, making it suitable for objective statistical modeling
Removing overhead from typical reinsurer cost structure results in higher returns than sidecars and traditional reinsurance
Casualty ILS expertise
Deep insurance
knowledge
Industry leaders with decades of experience at the largest insurers including risk selection, program management, underwriting, and reinsurance
Quantitative
edge
Data scientists from leading insurers, academic institutions, and research organizations
Capital markets
expertise
Asset management and investment banking professionals tenured in transaction structuring, securitization, and capital raising
Demonstrated deal flow
Recently-closed transactions*Private passenger auto
Workers’ compensation
Workers’ compensation
Commercial auto
General liability
Frequently asked questions
Ready to get started?
Email investors@ledgercapmarkets.com or fill out the form below.
