Monthly Archives: March 2014

PRESS RELEASE – WATFORD RE LTD. COMPLETES A $1.13 BILLION CAPITAL RAISE

New Bermuda-based reinsurer will combine diversified reinsurance business with a disciplined investment strategy Watford Holdings Ltd. and its wholly owned subsidiary Watford Re Ltd. (“Watford” or the “Company”), a newly formed, Bermuda-based multi-line reinsurer, announced today that Watford Re has completed a $1.13 billion capital raise. The initial capitalization comprises $907 million in common equity, including a $100 million investment by a subsidiary of Arch Capital Group Ltd. (“Arch”), and $226 million in preference shares. Watford is a Class 4 insurer licensed by the Bermuda Monetary Authority and has received a financial strength rating of A- from A.M. Best Company. Watford intends to combine a diversified reinsurance…