Montpelier puts $133m into $300m Blue Ocean Re start-up
Montpelier Re has announced that it has joined with other investors in capitalising a new Bermuda reinsurer, Blue Ocean Reinsurance.
Blue Ocean will offer retrocessional protection in the property catastrophe market. Blue Ocean has been capitalised with commitments for $300m of common and preferred equity, including a $133mOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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