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Aspen and PIMCO Launch Casualty-Focused Reinsurance Vehicle Pando Re
Aspen Insurance Holdings Limited (“Aspen”) and PIMCO Investment Management Company LLC (“PIMCO”), announced today the formation of Pando Re Ltd. (“Pando Re”), a Bermuda-domiciled collateralized (re)insurer focused on casualty business. Under a long-term agreement, Aspen will be the sole cedant to Pando Re and PIMCO will be the exclusive investment manager for Pando Re. Pando Re will participate in Aspen’s Casualty Insurance, Global Professional Lines Insurance, Cyber Insurance and Casualty…
