Hedge fund P&C start-ups close to launch
Two hedge fund-backed property and casualty (P&C) start-ups are close to defying the soft market by looking to launch later this year, according to (re)insurance entrepreneur Don Kramer.
Speaking at the Trading Risk annual New York event last week, Kramer said he was aware of at least two such initiatives that were "basically insurance-wrapped hedge funds".
Although the initiatives come while the soft market continues to weigh heavily on both rates and (re)insurers' valuations, the start-ups may be inspired by...
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