The Artemis Collateralized Reinsurance Sidecar Directory provides information on fully-collateralized reinsurance sidecar vehicles established to enable third-party investors to share in the returns of insurance or reinsurance business.
Unsure what a reinsurance sidecar is? Read our explanation here: What is a reinsurance sidecar?
Flatiron Re sidecar snapshot
- Reinsurance sidecar: Flatiron Re
- Sponsor: Arch Capital
- Launched: January 2006
- Latest size: $840m (as at January 2006)
Flatiron Re sidecar details
The fully-collateralized Flatiron Reinsurance sidecar vehicle was launched via Arch Capital subsidiary, Arch Re Bermuda in 2006. The vehicle sees Arch cede property and property catastrophe reinsurance to the sidecar vehicle, which is sponsored by Goldman Sachs and Farallon Capital.
Flatiron Re was designed to assume a 45% quota share in certain lines of property and marine business underwritten by Arch. The reinsurance sidecar vehicle is entirely owned by outside investors, offering fully-collateralized property coverage exclusively to Arch.
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