Castlelake sets up reinsurer to offer insurance financing to aircraft asset buyers
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Castlelake sets up reinsurer to offer insurance financing to aircraft asset buyers

Aisling Finn
January 16, 2023
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Alternative investment manager Castlelake has established its own Bermuda-based reinsurance company, Itasca Re Limited.

Itasca Re will offer insurance financing solutions to buyers and owners of commercial aircraft assets.

The reinsurance company will offer competitive financing rates by transferring the non-payment risk, traditionally held by financiers, to third parties via an insurance policy issued...

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