BlackRock venture could offer new income stream for Ace


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

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