The reinsurance sidecar market is expected to continue expanding thanks to notable momentum being seen in casualty sidecar structures, according to rating agency AM Best. The firm also highlights that the broader collateralized reinsurance space is poised for future expansion due to greater flexibility in structure, modeling, and perils.
The property and casualty sidecar market is a key segment within the insurance-linked securities (ILS) sector that has witnessed prominent growth in recent years.
In a new report, rating agency AM Best has indicated that the size of the sidecar market is estimated to sit between US$17 billion and US$19 billion.
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