International digest
Soros withdraws from cat
reinsurance
Although some hedge funds appear to be queuing up for exposure to
reinsurance, George Soros may have lost his appetite.
The collateralised reinsurer Q Re is closing for business after
Soros elected to withdraw his support for the vehicle.
A spokesman for the Bermudian reinsurer said Soros' fund
managers felt market conditions in the catastrophe reinsurance
space did not meet their return expectations.
They added that Soros was "intrigued" by the
(re)insurance sector but was...
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