Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

Premier Diversified Holdings raises for new Sequant Re investment

Share

Premier Diversified Holdings Inc. (PDH), a holding company with a liking for reinsurance and in particular a backer of collateralised reinsurance investments start-up Sequant Re, has announced the completion of a private placement offering to fund a new investment into Sequant.

PDH offered up to 3.2 million of its shares at $0.125 per share in a private non-brokered placement to investors and raised aggregate gross proceeds of $400,000.

Much of the $400k raised will now be used to invest into Sequant Reinsurance Holdings Ltd., buying additional shares in the holding company. PDH said it will buy $300,000 worth of Sequant Re shares at a price of $0.50 per share.

PDH already holds a significant holding of common shares in Sequant Re, which equates to almost 41% of the company on an undiluted basis.

PDH has steadily build up its share in Sequant Re, the start-up underwriter of fully collateralised reinsurance transactions that intends to capitalise them through the issuance of insurance-linked securities to third-party investors.

PDH’s latest investment in Sequant Re is expected to close in the coming days.

Register today for ILS NYC 2023, our next insurance-linked securities (ILS) market conference. Held in New York City, February 10th, 2023.

Artemis ILS NYC 2023 - Insurance-linked securities conference in New York City

Get a ticket soon to ensure you can attend. Secure your place at the event here!

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.