The structure has a target for $600m of third-party capital to be deployed, while Stone Point is the anchor investor and asset manager
Everest launches Annapurna Re casualty sidecar
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Everest launches Annapurna Re casualty sidecar with $600m target, anchored by Stone Point
 Everest Group has announced the launch of Annapurna Re Ltd., the specialty re/insurers first casualty reinsurance sidecar, revealing an expectation of deploying $600 million of third-party capital through the structure, while Stone Point Insurance Solutions is the anchor investor backing the venture.
Annapurna Re is a multi-year vehicle and it will support Everest’s global casualty and specialty reinsurance portfolios over a three-year underwriting period.
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