In an interview with Artemis, Laurent Montador, Deputy CEO of French reinsurer Arundo Re, discussed the recent renewal and launch of the seventh sidecar in the 157 Re series of deals, stating that it enhances the company’s capability to allocate more capacity in targeted areas while strengthening alignment with investors.
Now in its seventh vintage, the company has sponsored a 157 Re reinsurance sidecar annually since 2019.
“The sidecar improves our capabilities to put more capacity in the area that we want, and the investors are in the same shoes as us, which is good for them and us to have a complete alignment of interest,” explained Montador.
The Deputy CEO noted that Arundo Re introduced key improvements to the 157 Re sidecar this year.
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