Ascot & Antares Capital to Launch Bermuda-Based Reinsurance Sidecar, Wayfare Re

Ascot & Antares Capital to launch Bermuda-based reinsurance sidecar, Wayfare Re

Global specialty re/insurance firm Ascot Group Limited and alternative credit manager Antares Capital have partnered to launch Wayfare Reinsurance Limited, a Bermuda-based reinsurance sidecar, together with Canro Re Limited, a Bermuda-based segregated account company (collectively Wayfare Re). Wayfare Re will be capitalised with about $500 million in equity from Antares and Ascot, as first reported earlier today when news of the partnership brok…

Ascot partnering with Antares to launch $500m reinsurance sidecar Wayfare Re: WSJ - Artemis.bm

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. According to report from the Wall Street Journal, Ascot Group, the specialist global re/insurance underwriter, is partnering with credit focused investor Antares Capital to launch a Bermuda based reinsurance sidecar vehicle named Wayfare Re, that the report suggests will have a casualty focus. The WSJ reports that the Wayfare Reinsur…