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Lancashire renews Accordion collateralized property retrocession sidecar

Lancashire Holdings, the Bermuda and UK based provider of specialty insurance products, have announced the renewal of Accordion, their fully collateralized property retrocession sidecar facility. The Accordion Reinsurance Limited sidecar, which Lancashire launched last year, will be renewed for another twelve months to allow Lancashire to take advantage of current read the full article →

Validus launches AlphaCat Re 2012, Ltd. sidecar

Validus Holdings Ltd. are the second Bermuda based reinsurance group to announce the launch of a new sidecar vehicle for the 2012 hurricane season, see our earlier article on RenaissanceRe's launch of Timicuan Re III here. Validus have announced the formation and launch of the latest in their AlphaCat sidecar read the full article →

Lancashire expands Accordion Re sidecar

Lancashire Holdings, the Bermuda and UK based provider of specialty insurance products, has announced that they have secured additional capital allowing them to expand their Accordion Re fully collateralised sidecar reinsurance facility. The Accordion Re sidecar was launched last May and focuses on property catastrophe retrocession. It acts as a read the full article →

Validus announces launch of AlphaCat Re 2011 Ltd. sidecar

Validus Holdings, a Bermuda based reinsurer, has announced the launch of a new special purpose sidecar reinsurer called AlphaCat Re 2011 Ltd. The sidecar has been set up to write collateralized reinsurance and retrocessional reinsurance, areas of opportunity in the market at the moment post-Japan and the other catastrophe losses read the full article →

Lancashire launches $250m Accordion collateralised property retrocession sidecar

Lancashire Holdings, the Bermuda and UK based provider of specialty insurance products, has announced the formation of Accordion Reinsurance Ltd. a fully collateralised sidecar reinsurance facility. Accordion will be flexibly capitalised up to $250m and will act as a quote share reinsurer of Lancashire Insurance Company Ltd. The sidecar facility has read the full article →

$1b collateralised catastrophe reinsurance fund to launch in Bermuda

Catco Investment Management is set to launch in Bermuda during Q4 this year as a collateralised catastrophe reinsurance fund with $1b of backing. The fund is being launched by ex-Oxygen Re broker Tony Belisle. Belisle, who is to head up Catco, is said to have secured more than $1b from investors read the full article →

Catlin to float sidecar SPV Long Bay Re on AIM

Catlin is planning to list an SPV called Long Bay Re on the Alternative Investment Market (AIM), a part of the London Stock Exchange. Long Bay Re, a Bermudian Class 3 reinsurer, is designed as a sidecar type reinsurer to provide Catlin with fully collateralised reinsurance cover for some of read the full article →