Hyper Local News Pages

Web Stats Provided By Google Analytics

Thursday, March 26, 2015

Bermuda reinsurer exiting business

AQR Re Management Ltd., the reinsurance arm of Greenwich, Connecticut-based AQR Capital Management L.L.C., will stop writing business April 1. Pembroke, Bermuda-based AQR Re, which launched in 2011, operates funds holding a global portfolio of reinsurance and manages about $500 million of assets, according to its website. In a statement, a spokesman for AQR Capital Management said that "due to consolidating market dynamics, it will become increasingly difficult to put larger amounts of capital to work to achieve attractive risk-adjusted returns for our investors, and ever more important to be in multiple lines of business, many of which we are not currently in."

http://www.businessinsurance.com/article/20150326/NEWS06/150329870?CSAuthResp=1%3A673568356135105%3A109186%3A64%3A24%3Aapproved%3A0002648731CE32410C1D7E7D2734B63E&=

No comments:

Greenwich Roundup's Total Pageviews

The Raw Greenwich Blog And RSS Feed - Bloggers Who Are From, Work In Or Used To Live In Greenwich