Skip to content
Thursday, October 29, 2026 · Today’s edition, 6:30 a.m. ETThu, Oct 29 · 6:30 a.m. editionSign inMy Desk 0EditionsSign in
Private Wealth Daily
AnalysisInsuranceThe WrapThe Account Agenda

SageSure takes stake in Bermuda ILS manager Pillar Capital, funded by Ares debt expansion

Pillar will keep its Bermuda team, its strategy and a substantial management ownership stake, and neither the price nor the size of the SageSure stake was disclosed.

By The Wrap desk11 min read

SageSure, a managing general underwriter, has taken a stake in Bermuda ILS manager Pillar Capital Management, funding the investment by expanding an existing debt facility with Ares Management.

Pillar will remain independent, keep its Bermuda team and its investment strategy, and management will retain a substantial ownership stake.

Neither the price nor the size of the stake was disclosed, and the expanded Ares facility's size, pricing and maturity were not disclosed. The deal was announced on Oct. 12.

Reported by The Wrap desk from Insurance Capital Daily coverage: SageSure takes stake in Bermuda ILS manager Pillar Capital and Insurance Capital Daily deal log entry, SageSure · Pillar Capital Management. Published . Updated Oct 28, 2026 · 2:57 p.m. ET. Corrections

Related

Insurance

SageSure takes stake in Bermuda ILS manager Pillar Capital

Pillar will stay independent, keep its Bermuda team and investment strategy, and management will retain a substantial ownership stake; the report does not specify the stake size or price.

Insurance

Cat bond sponsors test softer terms as spreads hold firm

Cascading structures and third-event tranches are back in cat bonds while first-quarter spreads firmed.

Private Credit

Ares Capital agrees to buy MFIC from Apollo for $2.6 billion

MFIC holders get $10.88 a share in cash and stock: 30.1% above the Oct. 26 close, about 15% below its preliminary Sept. 30 NAV estimate.

Insurance

Chubb net income rises 1.5% as catastrophe costs double

Pre-tax investment income rose 8.6% to a record $1.79 billion while Travelers' domestic renewal increases, excluding National Accounts, slowed to 0.9% from 4.3%.

Insurance

Kinsale books $37.6M portfolio loss in Q3 repositioning

Ategrity's $17.2 million investment loss cut net income, while Chubb's record $1.79 billion of investment income blunted catastrophe costs that more than doubled.

Insurance Capital Dailyfrom Private Wealth Daily

Annuities, general-account allocations and insurance-dedicated funds. Daily at 7:05 a.m. ET.

Free. Every morning. Unsubscribe from any edition in one click.

From other sections

SecondariesPantheon's $6bn close stands alone this week
AdvisorsEvergreen fund auction could offer an exit when redemptions are prorated
Real EstateSL Green and Mori Trust refinance 245 Park Ave. with $2B loan at 6.52%