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Sovereign Wealth Funds Briefing - Categorized | Investment

Kelvin Re 100% backed by Abu Dhabi sovereign wealth fund

Posted on 12 November 2014

The Abu Dhabi Investment Council (ADIC) is the sole equity backer of Credit Suisse Asset Management (CSAM)’s Guernsey start-up reinsurance vehicle Kelvin Re, a report from rating agency AM Best has revealed.
Kelvin Re is expected to write a globally diversified reinsurance portfolio with gross premium of $100mn in its first year, of which two-thirds will comprise non-proportional catastrophe business. AM Best said this could increase by 8-12 percent in subsequent years, meaning non-proportional catastrophe risks could make up between………………………………………….Full Article: Source


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