Kelso backs O'Farrell-Arch run-off start-up Premia Re

Former Chubb chief reinsurance officer Bill O'Farrell and Arch
are set to unveil a new $500mn+ Bermudian run-off vehicle with
majority backing from private equity firm Kelso & Co,
The Insurance Insider can reveal.
Sources said the start-up has been named Premia Re and will operate
as a Bermuda-based Class 4 reinsurer.
Fundraising is believed to have closed at just over $500mn, with
Arch taking a significant minority stake as a strategic partner
that will provide quota share support to...