Southport Lane Acquires Redwood Reinsurance

New York-based private equity firm Southport Lane acquired Redwood Reinsurance SPC Ltd., a reinsurer based in the Cayman Islands that provides treaty reinsurance for workers’ compensation and general liability insurance in the U.S.“This deal underscores our commitment to expanding our insurance and reinsurance platform,” Glenn Weber, chief executive officer of Southport Re, said in a statement. “The acquisition of Redwood gives us access to an impressive, diverse insurance portfolio, and we will continue providing treaty reinsurance to our select carrier partners.&rdquo...