Premia Re launches after $510mn capital raise

Premia Re, the new run-off reinsurance vehicle led by former
Chubb exec Bill O'Farrell and backed by Arch, has confirmed its
formation by announcing a $510mn capital raise.
The news confirms The Insurance
Insider's story last week revealing that the vehicle was poised to launch
as a Bermuda-based Class 4 reinsurer.
In a statement today, the reinsurer claimed it had achieved one
of the largest capital raises ever focused on the P&C run-off
market positioning it as a "significant market...