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New Bermuda CAT Reinsurer Formed

Bermuda-based Aeolus Ltd. today announced its entry into the global reinsurance market with an initial capitalization of up to $500 million financed by a group led by Warburg Pincus and the company's

By Staff Writer | Updated on July 26, 2006

Bermuda-based Aeolus Ltd. today announced its entry into the global reinsurance market with an initial capitalization of up to $500 million financed by a group led by Warburg Pincus and the company’s founders, Peter Appel and David Eklund.

Arch Capital Group Ltd. also has agreed to invest in the company, subject to its board approval.

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