Investment Summary

High Ridge Capital Invests In RAM Reinsurance

On July 8, 1999, private equity firm High Ridge Capital invested in insurance company RAM Reinsurance for 57M USD

Investment Highlights
  • This is High Ridge Capital’s 2nd transaction in the Insurance sector.
  • This is High Ridge Capital’s largest (disclosed) transaction.
  • This is High Ridge Capital’s 1st transaction in Bermuda.

Investment Summary

Date 1999-07-08
Target RAM Reinsurance
Sector Insurance
Investor(s) High Ridge Capital
Deal Type Venture
Deal Value 57M USD

Target

RAM Reinsurance

Hamilton, Bermuda
website
RAM Reinsurance Company Ltd. (RAM Re) was formed in February 1998 to take advantage of an increased emphasis of diversity of reinsurance sources by the "AAA/Aaa" rated financial guaranty primary insurers. The company has strong relationships with each of the four largest primaries and is developing relationships with the newer entrants in this market.

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Investor(S) 1

Investor

High Ridge Capital

New Canaan, Connecticut, United States

Investor

website


Category Private Equity Firm
Founded 1995
Size Small
Type Sector Focused
DESCRIPTION

High Ridge Capital is a private equity firm focused on the insurance sector. Specific areas of interest include insurance and reinsurance companies as well as insurance brokers, claims management companies, captive managers and other service providers. High Ridge will consider providing start-up capital, growth capital, acquisition financing, as well as funding recapitalizations. The Firm looks to commit up to $5 million per transaction. High Ridge was formed in 1995 and is based in New Canaan, Connecticut.


DEAL STATS #
Overall 2 of 4
Sector (Insurance) 2 of 3
Type (Venture) 1 of 1
Country (Bermuda) 1 of 1
Year (1999) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-08-01 Wells Fargo Insurance Services USA

Chicago, Illinois, United States

Wells Fargo Insurance Services USA (WFIS) is an insurance provider. The Business has a variety of product lines and services including Insurance Brokerage and Consulting, Employee Benefits and Property & Casualty, along with Safehold Special Risk, Small Business Insurance, Student Insurance, Individual Health and Private Risk Management Insurance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-01 Mitchell

San Diego, California, United States

Mitchell is a provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries. Mitchell was founded in 1946 and is based in San Diego, California.

Buy -