-
The sidecar has been taking on more cyber risks in recent years, sources said. -
The sidecar takes a 25% quota share of CCR’s worldwide property cat book.
-
The vehicle was upsized by 20% from 2022.
-
The sidecar has stepped down in size over the past three years.
-
The new firm has registered Jireh Re (SAC), an unrestricted special purpose insurer, with the Bermuda Monetary Authority.
-
ILS strategies specialist Siti Dawson is moving from LGT ILS Partners.
-
The asset manager’s reinsurance funds shrank 17% in its fiscal year to end October to reach $2.6bn.
-
The bond includes two layers protecting against annual aggregate and occurrence losses.
-
The bond is structured with dual annual aggregate and per-occurrence index triggers.
-
Reinsurers have successfully pushed hard on T&Cs but, as capacity begins to fall into place, there are still many unanswered questions for this renewal.
-
The full size of the sidecar for 2023 will be known when Class B notes are issued in January.
-
FGF is a reinsurance and asset management holding company focused on collateralised and loss capped reinsurance and merchant banking.
