Alpine Re Drops Plans to Launch $1 Billion Reinsurance Firm Amid Market Challenges
The initiative to establish Alpine Re, a new reinsurance company with a targeted valuation of $1 billion, has been discontinued. CEO Steve Arora attributed the decision to the challenging market conditions which made building such a company more difficult than anticipated. Arora's background includes executive roles at Axis Re and Swiss Re, highlighting his extensive experience in the reinsurance sector.