Credit Suisse's reinsurance vehicle writes more than $150 million in premiums

Channel Islands-based Kelvin Re Ltd., the reinsurance vehicle operated by Credit Suisse Insurance Linked Strategies Ltd., has increased its gross underwritten premiums to more than $150 million of catastrophe reinsurance cover in 2016, up 33% from $120 million in 2015, Artemis.bm reports. Rating agency A.M. Best Co. Inc. said that Kelvin Re "has been able to secure top-line revenues in line with its original targets, and is expected to report a profit for the year."

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