SAC Reinsurer Says Cohen, Capital Z Among Founding Investors

SAC Re Holdings Ltd., the new Bermuda-based reinsurer, said that hedge fund manager Steven A. Cohen and Capital Z Partners III are among its founding investors.

The reinsurer’s SAC Re unit has commenced operations with $500 million of contributed capital, the company said today in a statement.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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