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A sidecar is a special purpose reinsurer set up by the ceding investor or reinsurer, providing a quota share reinsurance protection exclusively for the sponsor. The reinsurer is funded by debt or equity financing from private investors in the capital market, and is fully collateralised. The vehicle may be fully capitalised by third-party investors, but often the sponsors retains an equity stake, thereby aligning the interest of the sponsor and investors. As with a traditional reinsurer, the sidecar enters in a quota share agreement with the cedent; however, this is likely to be the only policy it writes.
Catlin sidecar to float on AIM - 19 Apr 2010
Ren Re sidecar reviewed - 23 Dec 2009
Sidecar moves made - 4 Sep 2009
First-ever fac vehicle launched as other firms consider possibilities
Globe Re ratings withdrawn - 26 Jun 2009
Tim Re II sidecar launched - 12 Jun 2009
Greater expectations - 15 May 2009
Prognosis for sidecars mixed
New collateral arrangement for Globe Re - 20 Feb 2009
Sidecars back on the road? - 10 Dec 2008
Reinsurance rates and debt liquidity concerns driving interest
Assets and issuance - 14 Nov 2008
US insurer investment losses should not impact cat bonds and sidecars
New life? - 31 Oct 2008
Reserve alternatives discussed
Indexing cat - 19 Sep 2008
John Cavanagh, joint ceo of Carvill, answers STORM's questions
Best removes sidecar rating - 22 Aug 2008
Globe Re launched - 13 Jun 2008
Innovative structure sees 100% of risks transferred
Sidecar shuts down - 2 May 2008
Three-year Puma deal closed to new business after first year
Positive projections - 8 Feb 2008
Bank and reinsurance specialist both bullish on ILS
Sidecar terminated - 25 Jan 2008
More sidecar moves - 11 Jan 2008
One vehicle renewed as two are closed
Norton Re renews - 14 Dec 2007
Sidecar continuation put in place for new year with additional capital
To renew or not to renew? - 30 Nov 2007
Crunch time for sidecars looms
Hiscox unhooks sidecar - 19 Oct 2007
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