Imagine Reinsurance Holdings Founded in Bermuda

Trilon Financial Corp., one of Canada’s leading financial services companies, announced the formation of Imagine Reinsurance Holdings in Bermuda with initial capitalization of $200 million, which it hopes to increase to over $1 billion within the next two years.

“The Imagine Group is a second generation finite-risk reinsurance enterprise whose goal is to become the leading provider of structured insurance and reinsurance capital to the global insurance marketplace,” said the announcement.

Imagine plans to offer insurance products in both the p/c and the life and annuity sectors on a global basis, and expects to open an office in Europe in early 2001.