Swiss Re expands retro sidecar

Swiss Re expanded its Sector Re sidecar to $492mn midway through
2017 to increase its retro support from the vehicle by $100mn in
the past year, sister publication Trading
Risk revealed last week.
The expansion translated as a 25 percent boost in capacity from
the previous year's figure of $395mn.
The reinsurer tends to source capital for the Sector Re vehicle
in April and December, and has raised the $492mn from six different
series of notes issued in the past...