XL names new Bermudian start-up Cyrus Re
XL has revealed the identity of its new start-up property catastrophe reinsurance retrocessionaire as Cyrus Re, domiciled on Bermuda, with initial capital of $500m.
In a statement regarding capital raising plans after the resolution of its long-running dispute with Winterthur, XL’s CEO, Brian O’Hara said "XL's previously announced property-catastrophe quota-share
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