Allied World to Acquire Stake in Aeolus

December 18, 2012

On December 18, 2012, Allied World Assurance Company Holdings announced that it will expand its Allied World Financial Services platform through the acquisition of a minority stake in Bermuda-based Aeolus Capital Management.

On December 18, 2012, Allied World Assurance Company Holdings, AG announced that it had purchased a minority stake in Aeolus Capital Management Ltd., which will join Allied World Financial Services platform.  Aeolus is a Bermuda-based asset management company focusing on the property catastrophe reinsurance and retrocession market.  Aeolus has approximately $1.7 billion in assets under management.  Under the terms of the agreement, Allied, which is an existing quota share partner of Aeolus, has agreed to increase the amount of capital it deploys in the reinsurance and retrocession market through Aeolus and will extend is capital commitment to Aeolus for at least three years.  Allied World Assurance, through its subsidiaries, is a global provider of property, casualty, and specialty insurance and reinsurance.

To read the press release, please click here.


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Mutual Fund Strategic Investments, Transactions