trending Market Intelligence /marketintelligence/en/news-insights/trending/3n3pflyeircygdazbzil1g2 content esgSubNav
In This List

Apollo Global Management forms Bermuda-based reinsurer

Blog

Banking Essentials Newsletter: 7th February Edition

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Apollo Global Management forms Bermuda-based reinsurer

Apollo Global Management LLC formed Acra Re Ltd., a Bermuda-based reinsurance vehicle listed as a class 3A and class C insurer with the Bermuda Monetary Authority, The Insurance Insider reported.

The vehicle will look to write large one-off property and casualty and life capital relief deals, as well as co-invest in legacy transactions alongside Catalina Holdings (Bermuda) Ltd. Sources told the news outlet that the private equity company may put capital into the vehicle to fund specific deals rather than injecting significant funds upfront, and a cell structure may be used to match different pools of capital with different transactions.