LONDON (Reuters) – British equity investors have put $100 million into a new reinsurance fund, the latest example of mainstream investors seeking exposure to the sector's rising prices and relative immunity from financial shocks.
Blue Capital Global Reinsurance Fund, set up by Bermudan reinsurer Montpelier Re, raised the cash through a listing on the London Stock Exchange's specialist fund market, it said on Tuesday.
Blue Capital plans to make money by selling reinsurance to primary insurers, putting up its own cash as collateral to absorb potential claims.
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