Credit Suisse Shuts Humbolt Re and Kelvin Re After Investor Withdrawals

Credit Suisse Group AG is winding down two reinsurance vehicles with assets of about $2 billion after key investors moved their funds out. Humboldt Re and Kelvin Re, which use money from institutional clients to reinsure natural catastrophes and other …

from News – Insurance Journal https://ift.tt/39VJXPh