{"id":429,"date":"2025-08-26T10:00:57","date_gmt":"2025-08-26T10:00:57","guid":{"rendered":"http:\/\/www.ateliersfurrer.com\/?p=429"},"modified":"2025-08-26T15:08:07","modified_gmt":"2025-08-26T15:08:07","slug":"enstar-launches-300m-casualty-reinsurance-sidecar-scaur-hill-re","status":"publish","type":"post","link":"http:\/\/www.ateliersfurrer.com\/index.php\/2025\/08\/26\/enstar-launches-300m-casualty-reinsurance-sidecar-scaur-hill-re\/","title":{"rendered":"Enstar launches $300m casualty reinsurance sidecar Scaur Hill Re"},"content":{"rendered":"

Global legacy re\/insurance specialist Enstar has launched Scaur Hill Re Ltd., its first casualty reinsurance sidecar funded by a small group of third-party institutional investors providing $300 million in capacity, as reported by Artemis, our insurance-linked securities (ILS) focused sister publication.<\/p>\n

\"enstar-logo\"The creation of Scaur Hill Re Ltd. is a particular development as it marks the first time Enstar has used a managed ILS structure it owns to directly transfer risk to investors.<\/p>\n

While Enstar has a history of collaboration with third-party capital through ventures like Aligned Re, Kayla Re and Enhanzed Re, this is the first time it has ceded a portion of its risk to a structure of this kind to be backed by outside investors, Artemis reported<\/a>.<\/p>\n

A Bermuda-based collateralized insurer class of company, Scaur Hill Re Ltd. has been established to be used as a sidecar structure, through which Enstar can cede risk to investors.<\/p>\n

The structure will be issuing shares or notes to enable the company to allocate to different series opportunities.<\/p>\n

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\"Register<\/a><!–\"Download<\/a>–><\/p>\n<\/div>\n<\/div>\n

The $300 million cession features a vertical slice of a large, legacy transaction that Enstar had previously entered into. This transaction is both large and diversified and a 10% slice of it has been ceded to the sidecar, presumably on a quota share basis.<\/p>\n

The diversified legacy transaction that Scaur Hill Re now supports a slice of, is a longer-tailed casualty arrangement, making the structure the latest casualty sidecar reinsurer to be launched.<\/p>\n

Enstar will continue to manage the assets related to the risk ceded, with a performance based fee system in place to ensure alignment between the company and the investors.<\/p>\n

This initial transaction also provides investors with exit opportunities at pre-specified pricing, as well as with an optional commutation at year 7 and a mandatory exit at year 10.<\/p>\n

The launch of Scaur Hill Re Ltd. indicates a new phase in Enstar\u2019s use of ILS techniques and its relationship with third-party capital, as noted by our sister publication Artemis.<\/p>\n

You can find details of numerous reinsurance sidecar investments and transactions in Artemis\u2019 directory of collateralized reinsurance sidecars transactions.<\/a><\/p>\n

The post Enstar launches $300m casualty reinsurance sidecar Scaur Hill Re<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Global legacy re\/insurance specialist Enstar has launched Scaur Hill Re Ltd., its first casualty reinsurance sidecar funded by a small group of third-party institutional investors providing $300 million in capacity, as reported by Artemis, our insurance-linked securities (ILS) focused sister…<\/p>\n","protected":false},"author":1,"featured_media":431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/429"}],"collection":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/comments?post=429"}],"version-history":[{"count":3,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/429\/revisions"}],"predecessor-version":[{"id":433,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/429\/revisions\/433"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media\/431"}],"wp:attachment":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media?parent=429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/categories?post=429"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/tags?post=429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}