BlackRock venture could offer new income stream for Ace

05-03-2015

It looks increasingly likely that the much-anticipated deal between Ace and fund manager BlackRock will copy the sidecar-type arrangement used by so many reinsurers and ultimately generate fee income for Ace by underwriting third party risks – as opposed to the vehicle insuring Ace’s business only.


BlackRock, ACE, sidecar, third party risk, ABR Re, fund raising

Intelligent Insurer