Ark renews $250mn Outrigger Re sidecar with greater share of third-party capital 
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Ark renews $250mn Outrigger Re sidecar with greater share of third-party capital 

Shelby Rosenberg
21 December 2023
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Ark White Mountains logo Bermuda.jpg

White Mountains’ specialty (re)insurance subsidiary Ark has renewed its reinsurance sidecar, Outrigger Re, to provide collateralised reinsurance capacity for its global property catastrophe portfolio in 2024.

Outrigger Re received $250mn of total investor capital for 1 January 2024, stable on its 2023 capacity. But the $130mn from White Mountains is considerably less than the $205mn Ark’s parent kicked in for 2023.

The

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