Benfield makes investment in Globe Re sidecar

by Artemis on June 5, 2008

As well as assisting in the structuring, placement and risk analysis for the recent Globe Re sidecar issue from Hannover Re, Benfield have also made an investment of $20.5m in the vehicle according to an article in Post Online.

Grahame Chilton, Chief Executive of Benfield commented: “Benfield Advisory led the way in creating capacity for our customers’ Florida catastrophe exposures with Starbound I in 2006 and Starbound II in 2007. Once again, we have demonstrated the strength of our capabilities in the capital markets interface with the reinsurance sector. I am delighted that we have made an investment in this innovative vehicle.”

Further details of the Globe Re transaction are available in our Deal Directory.

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