The life and annuity reinsurance sidecar market in Bermuda has experienced significant growth, quadrupling in size over the past four years. According to a new report from the ratings agency Morningstar DBRS, the market has reached an estimated $375 billion in assumed liabilities.
The expansion reflects a broader trend in the reinsurance sector, where sidecars—special purpose vehicles that allow investors to take on insurance risk—have become an increasingly prominent mechanism for managing life and annuity business.
Article source: royalgazette.com | Image credit: Artemis.bm
