Southport Lane Executives Attend Les Rendez-vous de Septembre 2012

Firm seeking out new opportunities at International Conference of Insurers and Reinsurers

NEW YORK & MONTE CARLO--(BUSINESS WIRE)--Seeking to build upon its growing reinsurance portfolio, Southport Re, the reinsurance affiliate of private equity firm Southport Lane, is attending Rendez-vouz, the largest, most sophisticated global reinsurance conference.

“Historic low interest rates, combined with new regulations, including Solvency II, and an uncertain insurance rate environment are creating market pressures and new opportunities that we are well-prepared to leverage”

“Historic low interest rates, combined with new regulations, including Solvency II, and an uncertain insurance rate environment are creating market pressures and new opportunities that we are well-prepared to leverage,” said Glenn Weber, CEO of Southport Re.

Southport Lane has been active in acquisitions throughout the year including the purchase of Dallas National Insurance Company and the acquisition of Redwood Reinsurance SPC, Ltd. The firm is looking to build on the success of those initiatives.

“As we are still in the early stages of expanding our reinsurance platform, it is critical that we interact with current and future counterparties,” said Alexander Burns, Chief Strategist of Southport Lane, the private equity parent of Southport Re. “Monte Carlo and Rendez-vous provide the ideal venue for building and strengthening these relationships.”

About Southport Lane

Southport Lane is a private equity firm founded in 2010 with a concentration in active investments in insurance and reinsurance companies. Among the firm’s portfolio investments is Southport Re, the platform for Alternative Risk Transfer reinsurance activities. The firm is headquartered at 350 Madison Avenue and has total capital commitments in excess of $1 billion.

About Southport Re

Southport Re, Southport Lane’s platform for insurance and alternative risk reinsurance activities, is a wholly owned subsidiary of Southport Lane.