Harrington Reinsurance raised $600m in capital.

Harrington Reinsurance raised $600m in capital from Blackstone Group and AXIS Capital. Albert Benchimol, AXIS Capital’s President and Chief Executive Officer, remarked, “Our relationship with Harrington Re is a key element to our 21st Century approach to capital management whereby we complement our existing balance sheet with a broad range of third-party capital to deliver enhanced capacity, innovation and tailored solutions to our clients and brokers. Harrington Re’s foundation is made even stronger by having Blackstone as the investment manager of its portfolio.”