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Everest and Stone Point launch $600m casualty sidecar
Summary by The Royal Gazette
2 Articles
2 Articles
Everest launches casualty reinsurance sidecar with Stone Point as anchor investor
Global insurer and reinsurer Everest Group has partnered with Stone Point Insurance Solutions to launch a new Bermuda-based casualty reinsurance sidecar called Annapurna Re Ltd., which is poised to deploy $600 million of third-party capital to support Everest’s casualty and specialty reinsurance portfolios. Funds managed by Stone Point will serve as the inaugural, anchor investors in this multi-year sidecar vehicle, which has been launched to pr…
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