Reinsurance

On average and over time, reinsurers have collected more in premiums than they have paid out in claims.

Stronger than just being uncorrelated, natural catastrophe risk and traditional financial markets are intuitively unrelated to each other for fundamental reasons.

Reinsurance pricing is reset annually while trends like climate change happen over decades. Reinsurers use the best available science, data, and modeling to set premium rates. If they find new information, they change rates at the next annual renewal.

We are strategic capital providers to the top global reinsurers, who control over 70% of the market. This gives us access to the most attractive business, preferential pricing, proprietary data, and hundreds of scientists and catastrophe modelers.

We get best-in-class terms and structure the collateral to minimize the amount of capital required to generate potential returns—maximizing investors’ potential return per dollar of invested capital.

Our private co-investment approach allows us to invest in thousands of reinsurance contracts covering dozens of global perils, compared to only 5-6 peak perils and hundreds of contracts for a typical collateralized reinsurance portfolio, minimizing the potential for outsized losses relative to the broader market in the face of a catastrophe and creates exceptional alignment with the best underwriters.