Insurance

Partners Life raises more capital

Wednesday 10th of July 2013

It has been using annual rounds of capital raising to provide working capital and to ensure the ratio for reinsurance stayed within the Reserve Bank’s requirements, and within a level that the reinsurer was comfortable with.

The latest round raised $11.9 million, above a target of $10 million. That amount is believed to represent more than a 20% increase in capital for the firm.

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