Odyssey Re buys up Opus Re
Odyssey Re has announced that it has entered into a stock purchase agreement with Overseas Partners to acquire all of the capital stock of Overseas Partners US Reinsurance (Opus Re), a Delaware domiciled property and casualty reinsurer, for $43m.
Prior to its previously announced exit from the U.S. reinsurance business, Opus Re had underwritten business primarily in 2001 and 2002. At March 31, 2004, Opus Re had total assets of approximatelyOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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