Altair Re

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Altair Re sidecar details

The launch of Altair Re, a fully-collateralized reinsurance sidecar facility from ACE with $95m of capacity, saw ACE enter the third-party capital management landscape. The reinsurance sidecar vehicle was established to provide additional collateralized capacity to support ACE’s global reinsurance business.

Jacques Q. Bonneau, Chairman of ACE Tempest Re Group, commented on the sidecar at the time of launch; “Altair Re gives us additional capacity to meet the diversified property catastrophe needs of our insurance and reinsurance company clients.”

Just over six months after the launch of Altair Re, ACE launched another $95m fully-collateralized reinsurance sidecar vehicle, called Altair Re II.

Go back to the Artemis Collateralized Reinsurance Sidecar Directory.