The Banking and Strategy Initiative

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Goldman Sachs buys insurance business | Banking Insight

As mentioned in the week they bought Ariel Re, Goldman Sachs has been hiring for a new CDS  bond insurance product And the Airel Re operation will be owned by its small insurance division inhouse. Apparently a reason for GS expertise in the area is its’ frequent investment in Bermuda based reinsurance start ups, which just buy insurance contracts from underwriters for a 75-90% of the premium leaving enough for the insurance company’s profits while increasing its returns on the business

 

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This entry was posted on April 11, 2012 by in Banking, Financial Markets and tagged , , , , , , , .

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