MS Amlin confirms second Phoenix sidecar supporting Singapore platform
MS Amlin has confirmed it has launched its second Phoenix sidecar, which it said would take a quota share of reinsurance written via its underwriting platform in Singapore.
The $37.5mn collateralised retro support from Phoenix 2 Re was provided by a number of Asia-based investors. This year’s sidecar, like the first $42mn deal, was set up using Singapore’s ILS framework, although the notes were listed in Bermuda.
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