XL Group, Stone Point Form Bermuda Investment Manager
XL Group and Stone Point Capital have formed a new Bermuda-based company to act as an investment manager in insurance-linked securities and other reinsurance capital markets products. XL has a 75% stake while Stone Point has 25%. XL and Stone Point plan to invest up to $135 million in funds to be formed, alongside potential third party investors. The company's name was not disclosed. Todd Freed and Andrew Alin of Skadden advised Stone Point.
25 July 2013•3 mins read
