
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.New York City and Cayman Islands based Northern Re looking to deploy third-party capital it raised from investors against a select group of historically profitable insurance portfolios focused on high-frequency, low-severity insurance risks.Northern Re , which helped it to grow its footprint and the size of its underwriting portfolio.which took its total capitalisation to $175 million.
According to Northern Re, the new products have been created for cedents that are seeking capital relief, earnings stability, and multi-year continuity, beyond traditional quota share.“The launch represents Northern Re’s departure from one-size-fits-all reinsurance.Each transaction is designed around the cedent’s specific balance sheet objectives, which could be GAAP earnings acceleration, statutory capital optimization, or volatility smoothing across business cycles,” the company explained.
In addition, the collateralized reinsurer’s new product suite allows it to pursue more complex deals while maintaining the discipline that institutional investors demand.The company also plans to expand its capital base in 2026 to support these larger transactions, and growth of its in-force gross written premium, which has scaled to over $600 million since its initial launch.Anthony McKelvy, Co-Founder of Northern Re, commented: “Traditional reinsurance often forces cedents to choose between capital relief and operational complexity.
Our structured solutions are built from the ground up to deliver both precise capital optimisation wrapped in operational simplicity.” Vincent Pomo, Chief Underwriting Officer of Northern Re, said: “We’ve structured highly unique placements by focusing on what matters: speed, certainty, and alignment,” said Vincent Pomo, Chief Underwriting Officer of Northern Re.“Our clients get unified pricing, simplified administration, and the security of pre-funded, cash-collateralized protection.” Furthermore, the launch responds to an increasing demand from both national and multinational insurers who require more than traditional quota share arrangements to effectively manage risk and optimise capital.The organisation’s new whole account quota share capabilities are designed to simplify the complex task of managing reinsurance across various lines, jurisdictions, and regulatory frameworks.
By using a centralised underwriting platform, Northern Re offers unified solutions that reduce administrative work while delivering competitive economics.Peter McKelvy, Co-Founder of Northern Re, added: “We are entirely employee-owned, with no outside agenda.Every deal is underwritten on its own merit, and our investors sit inside the platform alongside us.
That alignment – combined with our focus on premier institutional capital – gives cedents the security they need for long-term partnerships.”.All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.Our can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.
Publisher: Artemis