The Artemis Catastrophe Bond and Insurance-linked Securities Deal Directory aims to provide a one-stop resource for information on every cat bond and ILS transaction we hold information on. The content of this Deal Directory is provided as is and there will be some omissions. Help us to keep these cat bond and ILS transaction summaries up to date by contacting us if you see an error or omission that you can correct.
Sirocco Re sidecar snapshot
- Reinsurance sidecar: Sirocco Re
- Sponsor: Lancashire Holdings
- Launched: June 2006
- Latest size: $95m (as at June 2006)
Sirocco Re sidecar details
Lancashire Holdings launched Sirocco Re, a Class 3 Bermudian, fully-collateralized energy reinsurance sidecar in June 2006, with a capital size of $95m. The majority of the sidecar venture’s capital came from third-party investors, with Lancashire contributing $20m of its own money.
The reinsurance sidecar vehicle was established by Lancashire Holdings to assume some of its Gulf of Mexico offshore energy risk, taking advantage of the spike in energy insurance prices.
Go back to the Artemis Collateralized Reinsurance Sidecar Directory.