IDEAS home Printed from https://ideas.repec.org/a/pal/gpprii/v32y2007i3p345-363.html
   My bibliography  Save this article

Bermuda Sidecars: Supervising Reinsurance Companies in Innovative Global Markets*

Author

Listed:
  • Marcelo Ramella

    (Policy and Research Department, Bermuda Monetary Authority, BMA House, 43 Victoria Street, Hamilton HM 12, Bermuda.)

  • Leila Madeiros

    (Association of Bermuda Insurers and Reinsurers (ABIR), XL House, 1 Bermudiana Road, Hamilton HM 11, Bermuda.)

Abstract

The paper looks at the phenomenon of reinsurance sidecars, as an example of innovation in cross-sectoral risk transfer between the insurance and the capital markets. It explores the emergence, unfolding and retreat of sidecars in Bermuda with the goal of identifying and establishing key issues shaping how supervisors make sense and act upon innovative industry practices. The paper describes key market and industry features setting the scene for the emergence of sidecars, reviews the literature on sidecars, discusses supervisory challenges sidecars present and explores avenues for addressing these challenges. The paper argues that sidecars offer a fertile ground for better understanding the relationship between industry and supervisors in a context of innovation taking place in a rapidly changing landscape, populated by global players. The Geneva Papers (2007) 32, 345–363. doi:10.1057/palgrave.gpp.2510130

Suggested Citation

  • Marcelo Ramella & Leila Madeiros, 2007. "Bermuda Sidecars: Supervising Reinsurance Companies in Innovative Global Markets*," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 32(3), pages 345-363, July.
    • Handle: RePEc:pal:gpprii:v:32:y:2007:i:3:p:345-363
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/gpp/journal/v32/n3/pdf/2510130a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/gpp/journal/v32/n3/full/2510130a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. J. David Cummins & Mary A. Weiss, 2009. "Convergence of Insurance and Financial Markets: Hybrid and Securitized Risk‐Transfer Solutions," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 76(3), pages 493-545, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:gpprii:v:32:y:2007:i:3:p:345-363. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.