PartnerRe establishes retro sidecar

Partner Re launched a retro sidecar using its own capital at the 1
January renewals, sister publication Trading Risk
reported.
Sources told the publication PartnerRe plans to build a track
record for the sidecar, Mercalli Re, before looking to raise
third-party capital.
PartnerRe has written small sums of retro limit in recent years
but is not known as a major provider of such cover.
The reinsurer already runs other third-party capital vehicles,
including the $134mn L-Re (previously known as Lor