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 launched in early 2023 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 lifted its committed capital to $75 million towards the end of 2023, which helped it to grow its footprint and the size of its underwriting portfolio.
