Wednesday, January 20, 2021

Stamford, CT based private equity firm Olympus Partners has made an investment in Laplace-C, a retrocession and specialty reinsurance vehicle managed by PartnerRe Ltd., a leading Bermudian reinsurer. The opportunity is positioned to take advantage of favorable market conditions in short-tail specialty and retrocessional insurance markets.

“We have been actively looking at opportunities to invest in the current favorable reinsurance cycle and believe the newly created Laplace-C vehicle represents a differentiated value proposition combining superior risk-adjusted returns with established market access to a broadly diversified book of business” said Olympus’ Matt Boyd. “We are excited to partner with PartnerRe, one of the leading reinsurers in the world with a long history of exceptional underwriting returns.” The Olympus team included Paul Rubin, Matt Boyd, Connor Wood, and Sid Ahuja. Olympus was represented by Rajab Abbassi from Kirkland & Ellis LLP.

Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus manages funds in excess of $8.5 billion mainly on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs. Founded in 1988, Olympus is an active, long-term investor across a broad range of industries including business services, consumer products, healthcare services, financial services, industrial services and manufacturing.

Olympus Says “This Must be Laplace”