ASCO is part of Premia, a reinsurance group that focused on acquiring and reinsuring insurance and reinsurance run-off. Premia Holdings Ltd. is an insurance and reinsurance group with operations in Bermuda, the U.S., the U.K. and Europe that is focused on sourcing, structuring and servicing business in the global property and casualty run-off market. With over USD1 billion in managed capital, Premia is well equipped to execute acquisitions and reinsurance transactions in the global P&C run-off market. Premia Reinsurance Ltd. is Premia’s flagship, class 4 insurer, regulated by the Bermuda Monetary Authorty and has a financial strength rating of “A-” by Kroll Bond Rating Agency. Premia was launched in 2017 as a run-off specialist and was sponsored by Arch Capital Group Ltd. and Kelso & Company.
ASCO´s reinsurance program is determined by our objective to evade catastrophe and cumulative risks.