Profile On Bermuda: About Sidecars
Source: Asia Insurance Review | May 2006
Mr Charles Collis,
a partner with the legal firm, Conyers Dill & Pearman, comments on a new
phenomenon on the Bermudian scene in 2005, which is the rising popularity of
sidecars. Saying that the popularity of the sidecars stem from the fact that
the investors are hedge funds, these sidecars to date have all entered into
reinsurance contracts with their principal insurance or reinsurance companies.
Read on to find out what this new phenomenon is all about.
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