Northern Re, a reinsurance firm focused on long-tail casualty business, has announced the launch of its structured solutions product suite and enhanced whole account quota share capabilities.
With this move, Northern Re is moving away from a one-size-fits-all approach to reinsurance, the firm noted.
Each transaction is designed around the cedent’s specific balance sheet objectives, which could be GAAP earnings acceleration, statutory capital optimisation, or volatility smoothing across business cycles.
“Traditional reinsurance often forces cedents to choose between capital relief and operational complexity,” said Anthony McKelvy, Co-Founder of Northern Re. “Our structured solutions are built from the ground up to deliver both precise capital optimisation wrapped in operational simplicity.”
Northern Re’s new product suite allows it to pursue more complex delts while maintaining the discipline that institutional investors demand. The company plans to expand its capital base in 2026 to support these larger transactions and future growth.
“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.”
The launch responds to a growing demand from national and multinational insurers who need more than what traditional quota share arrangements to manage risk and optimise capital.
Northern Re’s new whole account quota share capabilities aims to simplify the complex task of managing reinsurance across multiple lines, jurisdictions, and regulatory regimes.
By using a centralised underwriting platform, the company offers unified solutions that reduce administrative work while delivering competitive economics.
Founded in 2022 by brothers Anthony and Peter McKelvy, the New York City and Cayman Islands-based collateralized reinsurer, has scaled to over $600 million in gross written premiums. Moreover, the firm’s total capitalisation recently reached $175 million after successfully secured an additional $100 million in committed capital.
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