Insurance, reinsurance sidecar market to remain active

Aon Securities Inc. said that the collateralized insurance and reinsurance sidecar market is expected to remain active through the rest of the year, as sponsors look for investors and capital to support capacity needs, Artemis reports. Aon also said that structural changes to sidecars may also be seen, "to help strengthen the participation of the capital markets in sidecar transactions going forward, while maintaining benefit of the product for sponsors," in the wake of the recent major catastrophe losses.

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