Lennox Investments LLC, an investment group focused on financial services businesses, announced plans to acquire Southport Re(Cayman) Ltd. (SPRC), a Cayman Island-domiciled property/casualty reinsurance company.
Established in 2012, SPRC wrote approximately $32 million in gross premiums in 2013. SPRC focuses primarily on underwriting long-tail lines of property/casualty reinsurance, and is oriented toward high-frequency, low-severity risk classes, primarily within the U.S. and Europe.
SPRC is being acquired from Southport Lane Genesis, L.P., a limited partnership managed by Southport Lane Management, LLC.
Was this article valuable?
Here are more articles you may enjoy.
Allstate Thinking Outside the Cubicle With Flexible Workspaces 
Blacks and Hispanics Pay More for Auto Insurance. Study Tries to Answer Why. 
US Charges Five in ‘Scattered Spider’ Hacking Scheme 
Chipotle Shareholders Sue Over Fallout From Skimping on Portion Sizes 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.