Citadel continues reinsurance exit
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Citadel continues reinsurance exit

15 January 2009
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The acquisition of New Castle Re renewal rights by start-up Torus Insurance Holdings (Bermuda) Ltd signals the continued withdrawal of Citadel Investment Group from the Bermudian reinsurance market as it faces increasing cash pressures in its managed hedged funds.

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Topics

Analysis Catastrophe bonds January 2009/2 ILS investors Sidecars Property
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