Validus replaces Petrel Re with reinsurer-backed vehicle
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Validus replaces Petrel Re with reinsurer-backed vehicle

31 December 2007
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Bermudian reinsurer Validus Re has replaced its collateralised quota share vehicle, $200mn marine and offshore energy sidecar Petrel Re, with a similar arrangement backed by an existing reinsurer.

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News December 2007/6
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