New Liberty sidecar may drive disintermediation

Liberty Mutual's new sidecar may lead the way for further
(re)insurance disintermediation, although many primary insurers may
not be able to follow, said a Standard & Poor's (S&P)
insurance analyst at the Sifma IRLS conference in Miami.
Limestone Re was one of the first sidecars to provide
reinsurance capacity as well as retro protection to its
sponsor.
The multi-year deal could reduce Liberty's broking
requirements in years to come, and will also establish links to
capital providers out