Important Updates
The Shareholder and Board of Directors of Kelvin Re Limited for strategic reasons have resolved at a Board meeting on 2nd December 2020 not to underwrite any further business and pursue a controlled exit. The business of Kelvin Re remains solvent and strongly capitalised:
- GFSC Minimum Capital Requirement at 31 December 2020 – 2,924%1
- GFSC Prescribed Capital Requirement at 31 December 2020 – 367%1
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Net Profit at 31 December 2020- USD 105.4m1
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Net Assets at 31 December 2020- USD 1,039.5m1
Note:
1Source Kelvin Re Ltd financial statements, as audited
