Lancashire adds to sidecar noise amid $1bn-$2bn 2011 predictions
Lancashire added to the post-Japan "return of the sidecar" speculation when it said last week that it was looking at ways to "leverage" its "underwriting capital".
The comments came as the London-listed cat specialist posted consensus-beating first quarter results, and were widely interpreted to allude to the use of third-party capital, most likely through sidecars.
Espirito Santo Bank analyst Joy Ferneyhough noted that sidecar-style ventures are the current hot topic as the industry digests $50bn-$75bn of 2011 catastrophe losses.
"...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
