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.
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.