Sirocco Re

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Sirocco Re sidecar details

Lancashire Holdings launched Sirocco Re, a Class 3 Bermudian, fully-collateralized energy reinsurance sidecar in June 2006, with a capital size of $95m. The majority of the sidecar venture’s capital came from third-party investors, with Lancashire contributing $20m of its own money.

The reinsurance sidecar vehicle was established by Lancashire Holdings to assume some of its Gulf of Mexico offshore energy risk, taking advantage of the spike in energy insurance prices.

Go back to the Artemis Collateralized Reinsurance Sidecar Directory.