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A spokesperson said, “AIG’s treaty reinsurance business includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat Managers Ltd and its managed funds, and all renewal rights to the Assumed Reinsurance Treaty Unit of Talbot.
Source: https://bernews.com/2023/06/carey-olsen-acts-renre-3b-acquisition/
Macquarie, also a secured creditor, accused management of Validus of defaulting on a $55.6-million loan arrangement signed in 2022 to allow Validus to buy the Iroquois Falls power plant.
Macquarie, also a secured creditor, accused management of Validus of defaulting on a $55.6-million loan arrangement signed in 2022 to allow Validus to buy the Iroquois Falls power plant.
Validus had been a power supplier to Hut 8’s bit coin “mining” facility in North Bay.