Sidecars shift to the fast lane’ in HCMA’s Mitchell Rosenberg and Bill Cooper detail the emergence of sidecars for the Intelligent Insurer
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Mitchell Rosenberg, Co-Head of ILS, HCMA and Bill Cooper, a Managing Director, HCMA are featured in the Intelligent Insurer’s Monte Carlo Today article ‘Sidecars shift to the fast lane’.
In this article, Rosenberg and Cooper explain how casualty sidecars are no longer considered a niche experiment but now emerging as a structural tool in alternative capital.
Both said that treating sidecars as a novelty means you’ll miss the bigger asset allocation story, because casualty is not cat; risks are frequency-driven, bespoke, and less transparent.
Cooper commented: “Global risk is increasing, and insurance and reinsurance capital alone won’t be enough.”
Rosenberg commented: “Three structural components are critical: capital efficiency, exit mechanisms and asset management. Lloyd’s has all three.”
Key highlights
- Casualty offers long-tail diversification
- Investors demand discipline and transparency
- Lloyd’s provides structural advantages