The reinsurance market is closely watching SAC Re, the Bermuda based Class 4 reinsurer backed by Steven A. Cohen, billionaire hedge fund manager and founder of hedge fund SAC Capital Advisors LP, to see if there will be any fall-out after its parent company SAC was charged with insider trading by the U.S. government.
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SAC Re the Bermuda based Class 4 reinsurer backed by Steven A. Cohen, the billionaire hedge fund manager and founder of SAC Capital Advisors LP, has announced four new hires as they build up their teams capabilities. The hedge fund backed reinsurance play launched in July having raised $500m of capital in a private placement […]
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We’ve reported regularly on the influx of capital from investors such as hedge funds into the reinsurance market via both traditional reinsurance start-ups and non-traditional instruments such as catastrophe bonds. Now the reinsurance market has another $500m of capital to help temper rates from the launch of Bermuda based SAC Re. The reinsurer launched yesterday […]
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