Bermuda-based Aeolus Ltd. today announced its entry into theglobal reinsurance market with an initial capitalization of up to$500 million financed by a group led by Warburg Pincus and thecompany's founders, Peter Appel and David Eklund.
Arch Capital Group Ltd. also has agreed to invest in thecompany, subject to its board approval.
Aeolus Re said it will operate as an unrated reinsuranceplatform initially targeting the property catastrophe segment ofthe worldwide reinsurance market.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
