St Paul Reinsurance, the London market operation of the reinsurer St Paul Re, has received an injection of $100m (£69.1m) in additional share capital from its parent, The St Paul Companies.
St Paul Reinsurance managing director Thomas Mahoney said: "This reaffirms The St Paul's commitment to this operation following a year that tested reinsurers in London and around the world.
"After a year of catastrophic losses, and actions by The St Paul to exit certain lines and re-focus its operations going forward, this new share capital demonstrates strong support to our customers and this marketplace."
The extra capital is in the form of a cash investment by The St Paul Companies.
St Paul Re is the reinsurance operation of The St Paul Companies. St Paul Re ranked 14th among the world's reinsurance groups in 2000, with worldwide net written premiums totalling $1.2bn (£829.7m).
