Debevoise & Plimpton LLP has advised Kelso & Company, a leading private equity firm, on its investment in Premia Holdings Ltd., a newly-formed property & casualty insurance and reinsurance group focused on providing runoff solutions.

The formation of Premia represents one of the largest capital raises ever focused on the P&C runoff market and immediately establishes Bermuda-based Premia as a significant market participant. Premia will look to insure, reinsure or acquire runoff portfolios and companies around the globe.

The Debevoise team is led by partner Kevin M. Schmidt and includes partners Michael Bolotin, Alexander R. Cochran and Rebecca F. Silberstein and associates Sarah Chai, Kevin R. Grondahl, Angela W. Lee, Daniel Priest, Bari N. Steinberg and Ramya S. Tiller.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.