Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

New Point Re

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New Point Re sidecar snapshot

  • Reinsurance sidecar: New Point Re VII Ltd., New Point VI, New Point V, New Point IV, etc
  • Sponsor: Markel Corp., Alterra Capital
  • Launched: April 2011
  • Latest size: ?

New Point Re sidecar details

The New Point Re fully-collateralized reinsurance sidecar series is issued by Markel Corp., enabling the firm to leverage the benefits of capital markets and ILS investors. The latest issuance, New Point Re VII Ltd. was launched in December 2014, the size of the sidecar vehicle was not disclosed.

Prior to this, in June 2013, Markel launched a $215m reinsurance sidecar facility, New Point VI, following the acquisition of the vehicles previous issuer, Alterra Capital, Stone Point.

In June 2012, before Markel purchased Alterra Capital for roughly $3.1 billion, Alterra launched New Point V, a $210m sidecar reinsurance vehicle. Which upsized to $247m by December of that year.

Roughly a year earlier, in July 2011, Alterra launched its $200m+ New Point IV fully-collateralized reinsurance sidecar vehicle. This transaction saw Alterra Capital and Stone Point Capital LLC contribute $75m of capital each, with the remaining $50m+ coming from six private investors.

Go back to the Artemis Collateralized Reinsurance Sidecar Directory.

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