Goshawk sells up to former Ace chairman Kramer
Goshawk and Rosemont Re have agreed heads of terms with Don Kramer, formerly vice chairman of Ace, on behalf of a consortium of private equity investors who are intending to incorporate a new Bermuda reinsurer with capital of not less than $750m.
In a statement Goshawk said: “It is intended that the Investors will pay Rosemont Re a fixed up-front payment of approximately US$2.5m for its existing infrastructure and 8% commission payments basedOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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