Two reinsurer sidecars lapse

Two reinsurer sidecar vehicles have not been renewed in 2017 as
Scor and PartnerRe each decided they no longer needed retrocession
cover in this format, sister publication Trading
Risk revealed last week.
PartnerRe still maintains two other capital market vehicles, but
has not renewed its $50mn Demeter Re crop sidecar.
This reflected the fact that the carrier no longer required
retro support for its US crop business.
PartnerRe said it had decided to retain these
exposures as it was building...