Former Marsh exec leads investor group to SAC Re purchase


SAC Re—the reinsurance arm of SAC Capital, which pleaded guilty in November to insider trading involving at least six employees—will be bought out by a group of investors led by industry veteran Brian Duperreault.

The deal, expected to close in December, will see SAC Re's name change to Hamilton Re and Duperreault take the helm as CEO. Duperreault has served previously as the CEO of ACE Limited and Marsh & McLennan, where he oversaw the company’s turnaround to over $1 billion in annual profitability.

The group of buyers also includes affiliates of hedge-fund firm Two Sigma Investments LLC, private-equity firms Capital Z Partners and Performance Equity Management and some institutional investors, according to Reuters.

SAC Re began operations last year with $500 million in capital as one of a new wave of hedge-fund backed reinsurers. An SAC spokesman said in a statement: “we are proud of our role in founding SAC Re, but we are now focusing on our transition to a family office and our core investing business.”

Marsh, SAC Re, M&A, Brian Duperreault

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