Pangaea Reinsurance Ltd.

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?

Pangaea Reinsurance Ltd. sidecar snapshot

  • Reinsurance sidecar: Pangaea Reinsurance Ltd.
  • Sponsor: TransRe
  • Launched: January 2015
  • Latest size: ?

Pangaea Reinsurance Ltd. sidecar details

Transatlantic Re (TransRe) issued its Pangaea Reinsurance Ltd. fully-collateralized reinsurance sidecar in January 2015, although the firm declined to state the size of the platform.

Roughly six months earlier, in June 2014, TransRe, the reinsurer arm of Alleghany Corporation owned insurance and reinsurance group Transatlantic Holdings, issued Pangaea Reinsurance IX Ltd. Again, and in line with other reinsurance sidecar registrations under the Pangaea naming convention, TransRe failed to provide information on the capitalisation of the issuance.

In May 2012, approximately two years before the Pangaea Reinsurance IX Ltd. issuance, TransRe launched its fully-collateralized reinsurance sidecar, Pangaea Reinsurance IV Ltd., again choosing not to disclose the vehicles size.

The Pangaea Reinsurance IV Ltd. sidecar vehicle was TransRe’s fourth Pangaea sidecar issuance, after Pangaea Reinsurance I Ltd. in 2010, and Pangaea Reinsurance II and III in 2011.

Go back to the Artemis Collateralized Reinsurance Sidecar Directory.

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