RAM Re History

January 1998:  RAM Re is formed in Hamilton, Bermuda.
February 1998:  An investor group, led by the PMI Group, capitalizes RAM Re with $90 million.
February 1998:  The ratings of AAA/Aa3 are confirmed on RAM Re by Standard and Poor’s and Moody’s.
March 1998:  RAM Re underwrites it first deal.
March-December 1998:  RAM Re signs facultative and quota share treaties with FGIC, FSA and MBIA.
September 1998:  RAM Re signs a facultative treaty with Ambac.
July 1999:  RAM Re raises $57 million in capital with an investment from Transatlantic Re.
April 2001:  RAM Re sign a quota share treaty with Ambac.
April 2003:  $91.6 million is invested in RAM Re by MBIA, PMI, Transatlantic Re and CIVC.
November 2003:  Vernon Endo joins RAM Re as CEO and President.
February 2006:  RAM Re files S-1.
May 2006:  RAM Re closes initial public offering.
December 2006:  RAM Re raises $75 million with Series A Preference Shares offering of RAM Holdings.