Warburg, Merrill Pump Up Aeolus’s Coffers

Jan 5 2007 | 11:58am ET

Bermuda-based Aeolus Re’s holding company, Aeolus Re LP, has increased its capital base to over $1 billion through an investment from a group of investors led by Warburg Pincus and Merrill Lynch Global Private Equity, each having invested $350 million in the company. Arch Reinsurance, a subsidiary of Arch Capital Group, has also increased its investment to $50 million.

Aeolus operates as an unrated reinsurance platform initially targeting the property catastrophe segment of the worldwide reinsurance market. “The additional capital will allow Aeolus to provide our clients with their most sought after and difficult to find capacity – fully secured protection against their property catastrophe risks,” stated Peter Appel, chairman and CEO.

Aeolus Re was founded in July 2006 by Appel, the former founder of Arch Capital Group, and David Eklund, the former chief underwriting officer of Renaissance Re.


In Depth

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...