Soros and HBK back new reinsurer

Thu Dec 16, 2004



Soros Fund Management and HBK Investments have joined other big U.S. hedge funds, including Moore Capital Management, in jumping into the reinsurance business - but, unlike Moore, they will not run any of the new venture's assets.

Glacier Re of Switzerland will begin underwriting catastrophe reinsurance, aerospace, war and terrorism, European property and casualty and...

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