Puma Capital

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Puma Capital sidecar snapshot

  • Reinsurance sidecar: Puma Capital
  • Sponsor: Bridge Re/AHJ
  • Launched: May 2007
  • Latest size: $182.5m (as at April 2008)

Puma Capital sidecar details

Puma Capital was launched in 2007 with a capital base of $182.5m, designed with a three-year duration. Issued by Bermudian reinsurer Bridge Re, which is wholly owned by investment bank Dresdner Kleinwort, the reinsurance sidecar vehicle subsequently closed a year later, in April 2008, owing to weaker market conditions.

The vehicle was launched to enable Bridge Re to write fully-collateralized worldwide property catastrophe retrocession cover, and was brokered by London market broker, Alwen Hough Johnson Ltd (AHJ)

Go back to the Artemis Collateralized Reinsurance Sidecar Directory.

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