Pioneering deal creates first pan-Asian reinsurance company
Asia's first specialty reinsurance company launches with $620 million of capital raised from investors, led by 3i and Khazanah.
Asia Capital Holdings, the holding company for Asia Capital Reinsurance Group ACR, closed a $620 million capital raising on Friday, the largest ever capital raising in the region by a start-up company. The deal also marks a significant development for the reinsurance industry in Asia.
ACR is a Singapore-based reinsurance company which will focus on specialty lines of reinsurance including aviation, marine, infrastructure and engineering projects in Asia.
The investor consortium is led by 3i and Khazanah the investment...
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