Axis Capital And Stone Point Credit Launch Monarch Point Re
Portfolio Pulse from Benzinga Newsdesk
Axis Capital and Stone Point Credit have launched Monarch Point Re, a new venture that was accompanied by a capital raise of over $400 million. This includes a $75 million equity investment from a subsidiary of AXIS Capital and a $75 million equity investment from Stone Point Credit.
September 29, 2023 | 1:01 pm
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AXIS Capital has invested $75 million in the newly launched Monarch Point Re. This could potentially increase the company's revenue and profitability in the future.
AXIS Capital's $75 million investment in Monarch Point Re represents a significant equity action for the company. This could potentially lead to increased revenues and profitability for AXIS Capital, depending on the success of the new venture. Therefore, this news is highly relevant and important for investors in AXIS Capital.
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IMPORTANCE 75
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