Olympus Re

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One of the first reinsurance sidecars, Olympus Re, to be wound up

The Olympus Re reinsurance quota share sidecar vehicle is being wound up, a report says. The third-party capital backed collateralized reinsurance vehicle faced serious losses from the 2004/2005 hurricane season and never fully recovered.Founded in 2001 at a time when the catastrophe reinsurance market was seen as buoyant and full read the full article →