Benfield Investment Holdings (BIH) has made a $30m investment for shares in Glacier Re Holdings, which will become the company's reinsurer subject to regulatory approval.
Debevoise & Plimpton's London office said today that it advised BIH on the deal. The company said as a result of the agreement BIH would receive warrants in respect of shares in Glacier Re Holdings sàrl.
Subject to regulatory approval Glacier Re will commence underwriting on business attaching 1 January 2005.
Debevoise & Plimpton's said it is anticipated that Glacier Re will be assigned a financial strength rating upon receipt of the reinsurance license.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
