Risk Capital Re Acquires Interest In Stockton Holdings Limited

Risk Capital Reinsurance Company, a wholly owned subsidiary of Risk Capital Holdings, Inc., says it has invested $10 million to acquire a minority interest in Stockton Holdings Limited, a Cayman Islands insurance holding company. Risk Capital Re's investment was made as part of a $173.5 million private placement by Stockton Holdings. In connection with its investment, Robert Clements, Risk Capital Re's chairman, has become a member of Stockton Holdings' Board of Directors.

Stockton Holdings conducts a worldwide reinsurance business through its wholly owned subsidiary Stockton Reinsurance Limited, a Bermuda-based company writing specialty risks with a focus on finite products.

Risk Capital Re was advised by Marsh & McLennan Risk Capital Corp. in connection with the transaction.