Bermuda-based Juniperus sold to Greenberg-led Aquiline Capital
Bermuda-based catastrophe investment manager Juniperus Capital has been sold to the insurance-specialist private equity investor Aquiline Capital Partners.Aquiline bought out the existing shareholders of Juniperus Capital, Trading Risk reported yesterday.The publication said the agreement closed last week and saw Aquiline, which is run by Jeffrey Greenberg, and JCL management buy out a number of JCL equity partners including Aon Benfield, Japanese conglomerate Itochu Corporation and reinsurer Transatlantic Holdings.Greenberg is the former CEO of Marsh & McLennan Cos.He is the son of Maurice “Hank” Greenberg, previously the CEO of American International Group.And his brother is Evan Greenberg, who is the president and CEO of Ace Limited.Aquiline focuses on property and casualty insurance, banking, securities, asset management, life insurance and financial technology.