Bermudian reinsurer launches on MultiStrat Re platform
Asset manager Crabel Capital has launched Crabel Re, a Bermuda-based reinsurer operating on the MultiStrat Re platform.
Crabel Re has been licenced conditionally as a Class 3A reinsurer by the Bermuda Monetary Authority. It will use Crabel Capital Management’s short term systematic trading strategy to manage its assets.
Toby Crabel, founder and chief executive officer of Crabel Capital Management, said: “Reinsurance offers a unique opportunity to raise capital and manage assets for the firm. Our goal is always to provide the best possible products and services to our clients and reinsurance will provide one more option moving forward.”