Diversified insurer
Liberty Mutual Insurance has unveiled its Limestone Capital Markets Platform aimed at leveraging investments in US property catastrophe and homeowners’ risk; as well as London Market specialty insurance.
The platform has an initial capitalization of $160 million from various investors and is backed by a multi-year collateralized reinsurance transaction under the stewardship of Bermuda based Limestone Re.
“The creation of the Limestone platform is a key strategic initiative for Liberty Mutual,” said Liberty Mutual senior vice president and director for global reinsurance strategy James Slaughter. “This transaction demonstrates investors’ interest in both traditional property catastrophe reinsurance risks as well as reinsurance risks.”
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