Allied World to Purchase Minority Stake in Aeolus Capital Management

December 27, 2012

On December 18, 2012, Allied World Assurance Company Holdings announced its purchase of a minority stake in Aeolus Capital Management, a Bermuda-based asset management company specializing in investments in the property catastrophe reinsurance and retrocession market. 

 

On December 18, 2012, Allied World Assurance Company Holdings, AG announced its purchase of a minority stake in Aeolus Capital Management, Ltd., a Bermuda-based asset management company specializing in investments in the property catastrophe reinsurance and retrocession market, for an undisclosed sum.  Allied World is an existing quota share partner of Aeolus Capital, and, under the terms of the transaction, Allied World will increase its capital investment in the reinsurance and retrocession market through Aeolus.  Allied World will also extend its capital commitment to Aeolus for at least 3 years, beginning January 1, 2013.  Allied World, through its subsidiaries, provides property, casualty and specialty insurance and reinsurance products.

To read the press release, please click here.


Categories

Investment Manager Strategic Investments, Transactions