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Original Risk: A Society for Change Agents



Lancashire renews Accordion collateralized property retrocession sidecar

11th June 2012

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 retrocessional reinsurance market conditions.

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Validus launches AlphaCat Re 2012, Ltd. sidecar

4th June 2012

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 series, AlphaCat Re 2012 Ltd. […]

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Lancashire expands Accordion Re sidecar

23rd February 2012

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 quota share reinsurer for the […]

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Validus announces launch of AlphaCat Re 2011 Ltd. sidecar

1st June 2011

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 experienced this year.

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Catlin to float sidecar SPV Long Bay Re on AIM

22nd April 2010

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 the Catlin groups catastrophe risk […]

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