Topsail Re mulls forming sidecar to leverage $1.5bn opportunity

Dislocation caused by the exit or retraction of key players and subsequent capacity shortfalls in the US programmes market combined with hardening rates has given David Johnson (pictured), chief executive of Topsail Re, a dilemma. It is a time of potential opportunity for the reinsurer—but he is wary of deviating too far from its model of cautious growth based on long-term relationships.