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    Articles Bermuda Insurance Listed Securities USADecember 31, 2000

    Everest Re buys secretive Bermuda reinsurer AFC Re

    mm
    By
    23 years ago

    Topics

    Bermuda Insurance Listed Securities USA

    Keywords

    AFC Re Anthony Huggins APAM Portfolio Company Atlantic Portfolio Analytics and Management, Inc. Bermuda Insurance Market
    Everest Re International Portfolio Analytics, Ltd. Jon Knight Marsh & McLennan
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    One of the most secretive commercial reinsurers in Bermuda has been sold after three years in business, about two-thirds of which it appears to have been up for sale.
    AFC Re, which was capitalized at $100 million when it formed in October, 1997, was bought for $17 million in cash by Everest Re (Bermuda) in a deal that was announced on December 22, 2000.