Insurance-specialist private equity investor Aquiline Capital Partners has bought Bermuda-based catastrophe investment manager Juniperus Capital Ltd (JCL), sister title Trading Risk has revealed.
The deal, which closed last week, saw Jeffery Greenberg-led Aquiline and JCL management buy out a number of JCL equity partners including Aon Benfield, Japanese conglomerate Itochu Corporation and reinsurer Transatlantic Holdings.
Aon Benfield - which launched the manager in May 2008 with a $50mn investment from broker Benfield - and Itochu, which made a $30mn-$40mn equity...
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