Northern Re

As market volatility continues to drive a rising demand for structured solutions, reinsurers are increasingly forced to handle complex client objectives all at once, and being able to successfully execute these deals requires underwriting, pricing, and capital teams to be well aligned from the very start. In order to tackle this, Northern Re has built […]

Having recently launched its structured solutions product suite and enhanced whole account quota share capabilities, Anthony McKelvy, Co-Founder of collateralized reinsurance firm Northern Re spoke to Artemis at RVS in Monte Carlo to discuss how these offerings go beyond traditional quota share, transforming the way cedents access capital and engage with investors.

As traditional reinsurance capacity continues to tighten and prices rise, alternative solutions are stepping into the spotlight, with collateralized reinsurance particularly emerging as a key tool for insurers seeking flexibility and balance sheet efficiency, according to Anthony and Peter McKelvy, co-founders of Northern Re.

Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has launched a structured solutions product suite and enhanced whole account quota share capabilities.

Backed by a private investment group, Northern Re is a reinsurance firm that views itself partly as a hybrid insurance-linked securities (ILS) manager, enabling its insurance company partners to access the benefits of ILS capacity without the usual contractual stipulations required by other collateralized providers, according to co-founder Peter McKelvy.

Cayman Islands based collateralized reinsurance company Northern Reinsurance SPC, Ltd. (Northern Re) has hired its first Chief Underwriting Officer (CUO), attracting former Everest Group employee Vincent Pomo to join the growing company.

Cayman Islands based collateralized reinsurance company Northern Reinsurance SPC, Ltd. (Northern Re) has taken its committed capital to $75 million, after it raised an additional $50 million from investors to allocate to programs of high-frequency, low-severity insurance risks.

A new collateralized reinsurance company has been formed, with Cayman Islands-based Northern Reinsurance SPC, Ltd. (Northern Re) established by brothers Anthony and Peter McKelvy to deploy capital against a select group of historically profitable portfolios they know well.