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Kiskadee Re sidecar snapshot
- Reinsurance sidecar: Kiskadee Re
- Sponsor: Hiscox
- Launched: April 2013
- Latest size: ?
Kiskadee Re sidecar details
Bermuda-based international specialist insurance and reinsurance group, Hiscox, launched its fully-collateralized reinsurance sidecar, Kiskadee Re, in April 2013. The capitalisation of the sidecar vehicle was not disclosed by Hiscox at the time of launch.
Kiskadee Re enables Hiscox to utilise third-party capital in its underwriting and is registered as a special purpose insurance vehicle in Bermuda. Shortly after its launch, Senior Vice President at Hiscox in Bermuda, Adam Alvarez said; “Hiscox has formed a new Bermudian special purpose insurer (SPI) ‘Kiskadee Re’ to write collateralised reinsurance. It successfully completed its first deals during the recent June renewal season.”
“This SPI complements our rated platforms in Lloyd’s and Bermuda (both rated A by AM Best) and ensures that we are able to continue to offer our clients a complete range of reinsurance products.”
Go back to the Artemis Collateralized Reinsurance Sidecar Directory.