sidecar News
Liberty Mutual Once Again Taps Capital Markets’ Reinsurance Capacity
Liberty Mutual has once again directly tapped capital markets' reinsurance capacity via the Bermuda collateralized reinsurance sidecar, Limestone Re Ltd. Limestone Re provides approximately $150 ...
GEICO Expands Ridesharing Coverage Into Texas Market
GEICO is entering the Texas insurance market with its ridesharing policy that covers drivers on and off the job, part of a state-by-state rollout that will eventually go national. The auto insurer ...
Uber, Lyft, Sidecar Toe-to-Toe With Insurers: State-by-State Analysis
The highly thought-of share-and-share-alike attitude considered a virtue by some has become fighting words between ridesharing companies and the insurance industry. "We try not to make it a battle," ...
Ridesharing Services: Insurers Slow to Grab the Wheel to Offer Coverage
Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation. Tracking the demand upsurge, new ...
Argo Establishes 2014 Sidecar, Issues Cat Bonds
Argo Group International Holdings, Ltd. announced Monday that it establised a new sidecar reinsurer and separately announced that it issued $172 million in catastrophe bonds. The sidecar, Harambee Re ...
California Regulators OK On-Demand Rides; $1M Commercial Cover Required
On-demand ride services got the green light from California regulators on Thursday in a move the services hope will help clarify their legal status in other jurisdictions. The California Public ...
Aon/Berkshire Deal Roils Lloyd’s Waters
Aon and Warren Buffett's Berkshire Hathaway announced in March that they had negotiated the establishment of a "sidecar" facility to operate at Lloyd's. The deal, which had been in the works for some ...ACE Establishes Special Purpose Vehicle, Altair Re
ACE Limited announced Monday that it has established a $95 million special purpose vehicle, Altair Re, to provide additional collateralized capacity for its global reinsurance business. The capital ...