Wilton Re completes $240 million equity raise in third round of financing
April 16, 2010
Wilton Re completed its third round of financing, April 16, 2010, with the issuance of $240 million of equity to private investors. Kelso & Company invested $200 million in Wilton Re, and Stone Point Capital, through its Trident Funds, increased its ownership in the company with a $40 million follow on investment.
Wilton Re’s CEO, Chris Stroup, stated, “We are pleased with success of our financing program and welcome Kelso & Company to our company and board. We believe the current economic climate will provide significant reinsurance-based opportunities for capital and risk support to companies and that Wilton Re’s unique proposition will position us well with the industry.”
For more information, please contact Ray Eckert at [email protected], or by phone at (203) 762- 4436.