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23 July 2017

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Kelso backs O’Farrell-Arch run-off start-up Premia Re

David Bull 5 January 2017

Former Chubb chief reinsurance officer Bill O'Farrell and Arch are set to unveil a new $500mn+ Bermudian run-off vehicle with majority backing from private equity firm Kelso & Co, The Insurance Insider can reveal.

Sources said the start-up has been named Premia Re and will operate as a Bermuda-based Class 4 reinsurer.

Fundraising is believed to have closed at just over $500mn, with Arch taking a significant minority stake as a strategic partner that will provide quota share support to...


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