Harambee Re 2013-1 Ltd.
The Artemis Collateralized Reinsurance Sidecar Directory provides information on fully-collateralized reinsurance sidecar vehicles established to enable third-party investors to share in the returns of insurance or reinsurance business.
Unsure what a reinsurance sidecar is? Read our explanation here: What is a reinsurance sidecar?
Harambee Re 2013-1 Ltd. sidecar snapshot
- Reinsurance sidecar: Harambee Re 2013-1 Ltd.
- Sponsor: Argo Group
- Launched: January 2013
- Latest size: ?
Harambee Re 2013-1 Ltd. sidecar details
Established to provide capacity for the 2013 accident year, Argo Group launched its Bermuda domiciled fully-collateralized reinsurance sidecar vehicle, Harambee Re 2013-1 Ltd., in January 2013.
According to Argo Group, its Harambee Re 2013-1 Ltd. sidecar differs from other sidecar facilities in the market, as it provides capacity for an insurance portfolio as well as a reinsurance portfolio of business.
Following the success of its sidecar vehicle Argo Group renewed the Harambee Re platform the following year, but under a different registration. Details of further Harambee Re sidecar issuances from Argo Group can be found here.
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