Sidecar development peaked at midyear last year, with seven of the 20 sidecars tallied formed late in the second quarter.
At about the same time, A.M. Best announced it would publish issuer credit and debt ratings on those sidecars that had debt as a component of their capital structures.
Four have ratings currently: Triomphe Re, Panther Re, Concord Re and Stoneheath (which is not a true sidecar but more of a contingent capital facility).
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