Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Lancashire loads Accordion with $75mn for April renewals

23 February 2012

London-listed reinsurer Lancashire Holdings has added $75mn of capital to its $250mn Accordion Re retro sidecar in preparation for a "very difficult renewal" for Japanese cedants at 1 April.

The $75mn was raised from existing Accordion investors, who provide a flexible drawdown facility to Lancashire to react to market opportunity.

Lancashire said in its earnings release today (23 February) that it will focus the additional capital on Japanese Interests Abroad programmes "where early indications are that ceding companies will be...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share: This article was published as part of issue February 2012/1

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π