Palladium Insurance – plans to securitize risk

By David Marchant

29 years ago

Topics

Bermuda Insurance Investment

Keywords

Bermuda Insurance Market Palladium Insurance Ltd. Powerscourt Group Ltd. Securitization of Risk The Chicago Corporation

Efforts are being made to raise $100 million for a joint Bermudian/American catastrophe insurer/reinsurer called Palladium Insurance Ltd that intends to securitise insurance products for trading purposes.Palladium Insurance, which has been formed in Bermuda, is being sponsored by Powerscourt Group Ltd., of Bermuda, and The Chicago Corporation, of the United States.

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