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?
Timicuan Reinsurance sidecar snapshot
- Reinsurance sidecar: Timicuan Reinsurance
- Sponsor: RenaissanceRe
- Launched: June 2006
- Latest size: $70m (as at June 2006)
Timicuan Reinsurance sidecar details
Bermuda domiciled reinsurer RenaissanceRe (RenRe) launched its fully-collateralized reinsurance sidecar, Timicuan Reinsurance, in June 2006 with a capitalisation of $70m, which was contributed by third-party capital investors and RenRe itself.
As with RenRe’s Timicuan Re II reinsurance sidecar facility, which launched in June 2009, Timicuan Re was established to create additional capacity for the Florida property reinsurance marketplace at the upcoming renewals.
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