GreyCastle Holdings Ltd. is a Bermuda-based reinsurance business capitalized to a S&P AA level. Chaired by Lord James Blyth, GreyCastle is organized and run by veteran insurance executive Raymond Brooks, and has a highly skilled, experienced, and growing team of over 30 professionals in Bermuda and London.
GreyCastle is backed by TRB Advisors and Equity Group Investments-led consortium that includes large family offices and university endowments with long-term investment horizons.
In June 2014, GreyCastle acquired XL Group’s Life Reinsurance operations for $570 million in cash. With $5.9 billion in assets, the acquired business is composed primarily of UK and Ireland pension annuities.