Harbor Point opens with $1.5bn, looks for US acquisition
Stone Point Capital has announced the completion of fundraising of new Bermudian start-up Harbor Point Limited and the closing of the acquisition of the ongoing assumed reinsurance business of Chubb Re.
Harbor Point has an initial capitalisation of approximately $1.5bn, including $1.3bn of new equity capital and a $200m convertible note issued to Chubb in consideration for the acquisition of the
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