Japanese Investor’s Bermuda SPI
One of the largest investors in Japan has set up a $30 million catastrophe reinsurer in Bermuda with plans to bulk up as opportunities arise, industry journal “Trading Risk” reports today [Jan. 16].
Triton Re, launched in December, is led by former Mitsubishi executive and independent investor Hiroki Enokitohge, who has taken on the titles of CEO and chief underwriting officer.
Triton Re is licensed by the Bermuda Monetary Authority as a special purpose insurer [SPI] and will write P&C risks as well as investing in cat bonds, industry loss warranties [ILWs] and sidecars, according to the SPI manager Horseshoe Group.
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Great investors ! Bda pay ATTENTION!
I made over a 6000% increase in their stock that I bought that was 1.67 and was bought out and jumped to 60$ – Very Happy!