Altair Re II
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Altair Re II sidecar snapshot
- Reinsurance sidecar: Altair Re II
- Sponsor: ACE
- Launched: January 2014
- Latest size: $95m (as at January 2014)
Altair Re II sidecar details
Large multiline property casualty insurance and reinsurance group, ACE Limited, launched Altair Re II, a fully-collateralized reinsurance sidecar, in January 2014. Altair Re II enables ACE to broaden the panel of third-party investors who provide collateralized capacity to its property catastrophe business, and expands ACE Tempest Re’s capacity through quota-share.
At the time of the sidecar’s launch, ACE Tempest Re Chairman, Jacques Q. Bonneau said; “Similar to our first Altair Re vehicle, Altair Re II gives us additional quota share capacity to meet the diversified property catastrophe needs of our insurance and reinsurance company clients.”
The group’s first Altair Re reinsurance sidecar vehicle was launched by ACE in April 2013.
Go back to the Artemis Collateralized Reinsurance Sidecar Directory.