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Private Equity Firm Launches New Reinsurer to Specialize in ILWs

Best’s Insurance News

HAMILTON, Bermuda (BestWire) – Private equity firm Cartesian Capital Group has launched a new Bermuda reinsurance company that will primarily write industry loss warranties and has teamed up with Aspen Insurance Holdings Ltd. to launch a new investment fund focused on industry-linked securities.

Iris Reinsurance Ltd. is a class 3 Bermuda reinsurer and will write ILWs to cover a wide spectrum of catastrophic perils globally.

Photo: Free Hurricane, satellite aerial view, CC0 1.0, via rawpixel

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