
Voussoir Re Ltd, the collateralized reinsurance sidecar and special purpose insurance (SPI) vehicle of Arch Capital, the Bermuda headquartered insurance and reinsurance specialist, has issued and listed a new series of 2025-3 preferred shares, which marks the first listed by the structure since October 2024.For Arch Capital, its Voussoir Re sidecar vehicle has been one of the organisation’s main third-party capital structures As a sidecar type of structure, Voussoir Re allows Arch Capital to bring in third-party investors as risk capital partners, ensuring alignment within its business.Arch Capital established Voussoir Re Ltd.in Bermuda in 2019, since which the special purpose insurer (SPI) and segregated accounts vehicle has been used as the company’s primary quota share sidecar, as well as for collateralized reinsurance arrangements and the issuance of insurance-linked notes to investors.
In 2019, which was a quota share based reinsurance sidecar style arrangement for Arch Capital.In 2020, This featured a $20 million Class A tranche of Series 2020-1 notes, as well as a $56.5 million Class B tranche, again a sidecar like quota share reinsurance arrangement.Then, in March 2021, Later on that year, with the previous issuances having featured participating notes.
Fast-forward to March 2022, and then later on in the year, the company made a third issuance of shares. Then, in October 2024, which was the last we had seen until now.Arch Capital’s reinsurance sidecar SPI Voussoir Re has now issued another series of preferred shares, which will be used as the investment instruments to enable third-party capital providers to back certain reinsurance business.In this latest case, Voussoir Re Ltd.
has issued 1,000 Series 2025-3 non-voting and redeemable preferred shares, using a segregated account Voussoir Re 2025-3, with each of the shares having a nominal par value of $0.01.The shares have been listed on the Bermuda Stock Exchange (BSX) and Artex Corporate Services (Bermuda) Ltd.acted as the listing sponsor for them.
This series of preferred shares has been privately placed with qualified investors.We understand, that Arch Capital has been evolving its strategy with the Voussoir Re reinsurance sidecar, to use it as a structure to channel risks to fund-type strategies backed by investors.As a reminder, you can find details of numerous reinsurance sidecar investments and transactions in .
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Publisher: Artemis