Investment manager Hudson Structured Capital Management Ltd. has invested $20.1 million in preferred shares in a reinsurance vehicle that will assume $35.3 million of seasoned workers’ compensation liabilities.
MultiStrat Advisors Ltd. and its affiliate, the Annapolis Consulting Group, arranged and reviewed the transaction.
Hudson Structured, doing business as HSCM Bermuda, worked on the transaction with MultiStrat and the business transferring the risk, which was not identified.
“This transaction allows the cedent to move forward and focus on its future,” HSCM Bermuda...
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