Insurance and reinsurance provider Arch Capital is an investor and strategic partner for Premia, a newly formed property & casualty runoff insurance company.
Premia Holdings, a Bermuda-registered property & casualty (P&C) insurance and reinsurance startup, raised $510m yesterday from investors including an affiliate of insurance and reinsurance provider Arch Capital Group.
The company’s other founding backers include private equity firm Kelso & Company and its co-investors, as well as undisclosed senior Arch Capital members, institutional investors and Premia’s management team.
Premia will provide specialist P&C runoff insurance services to businesses around the world, helping them to ensure their companies and portfolios are…
