XL, Stone Point Pour $135M Into New Reinsurance Venture

Law360, New York (July 26, 2013, 3:45 PM EDT) -- Private equity investor Stone Point Capital LLC is teaming up with global insurer XL Group PLC to form a new $135 million venture that will manage investments in insurance-linked securities and other buzzing reinsurance capital markets, the companies said late Thursday.

The firms did not break down how they plan to divide their investment, though they did say XL would own 75 percent of the newly formed company with Stone Point hanging onto the rest. Additional financing could flow in from third-party investors, they said, without...
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