$600m Pentelia reinsurance venture launched in Bermuda
Bermudian (re)insurance group White Mountains has joined forces with French investment bank NATIXIS to close a new $600m fund behind a new Bermudina reinsurance start-up Pentelia Re.
The two said they have created Pentelia Capital Management (PCM), an asset management company based in Bermuda, and have closed PCM's first fund, Pentelia Limited, with total capital commitments of
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