Validus & hedge fund Paulson & Co. team up to launch Bermudian reinsurer PαCRe
5th April 2012Bermuda based Validus Holdings has joined forces with U.S. hedge fund manager John Paulson and his Paulson & Co. hedge fund to launch a new Bermudian Class 4 reinsurer called PαCRe, Ltd. PαCRe, Ltd. will have an initial capitalisation of $500m to write reinsurance and launches in time for the 1st June mid-year renewals. PαCRe, […]
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