SageSure, the specialist catastrophe-exposed property managing general underwriter (MGU), has sponsored its second collateralized reinsurance sidecar, securing $200 million of protection from a Seawall Re II Ltd. transaction.
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In an interview with Artemis, Terrence McLean, Chief Executive Officer (CEO) of SageSure, discussed the firm’s debut reinsurance sidecar transaction Seawall Re Ltd., stating that he thinks of it as the first in a series of additional transactions which has a direct focus on sideways and other perils.
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SageSure, the specialist catastrophe-exposed property managing general underwriter (MGU), has sponsored its debut reinsurance sidecar transaction under Seawall Re Ltd., securing $50 million of third-party retro support from investors for its captive reinsurance vehicle Anchor Re.
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