Prospero Re

Innovative solutions for a changing market

[
?

Prospero Re

Innovative solutions for a changing market

[
?

Prospero Re Ltd. is a Class 3A licensed reinsurance company domiciled in Bermuda and regulated by the Bermuda Monetary Authority. Launched in 2013 by long-term industry leader Don Kramer, Prospero Re is wholly owned by ILS Capital Management Ltd. and offers both catastrophe and non-catastrophe reinsurance coverage to a wide range of insurance and reinsurance companies across the globe, predominantly in the United States, Europe, United Kingdom, Canada, Japan, and Australia. Business assumed includes property, marine, and offshore energy, as well as aviation and other sectors within the reinsurance market. We view our counterparties as partners and work to deliver our clients with meaningful solutions for their current and future needs.

Prospero Re has an ‘A’ rating from Kroll Bond Rating Agency.

Prospero Re Ltd. is a Class 3A licensed reinsurance company domiciled in Bermuda and regulated by the Bermuda Monetary Authority. Launched in 2013 by long-term industry leader Don Kramer, Prospero Re is wholly owned by ILS Capital Management Ltd. and offers both catastrophe and non-catastrophe reinsurance coverage to a wide range of insurance and reinsurance companies across the globe, predominantly in the United States, Europe, United Kingdom, Canada, Japan, and Australia. Business assumed includes property, marine, and offshore energy, as well as aviation and other sectors within the reinsurance market. We view our counterparties as partners and work to deliver our clients with meaningful solutions for their current and future needs.

Prospero Re has an ‘A’ rating from Kroll Bond Rating Agency.

Broad Diversification

across insurance & reinsurance lines

Prospero Re is led by a seasoned team of underwriters and actuaries in the Bermuda, London and U.S. markets. We offer a wide variety of products, including ultimate net loss occurrence contracts, industry loss warranties, quota share, aggregate and retrocessional covers that are tailored to meet each of our client’s specific needs and add value for all parties.

Coverage is provided on a worldwide, U.S. or international basis sourced through the broker market and our related parties including Producers National Corporation (PNC), Arrow Underwriting Agency Limited (Arrow), AnyConnected and Evolution Risk.

Broad Diversification

across insurance & reinsurance lines

Prospero Re is led by a seasoned team of underwriters and actuaries in the Bermuda, London and U.S. markets. We offer a wide variety of products, including ultimate net loss occurrence contracts, industry loss warranties, quota share, aggregate and retrocessional covers that are tailored to meet each of our client’s specific needs and add value for all parties.

Coverage is provided on a worldwide, U.S. or international basis sourced through the broker market and our related parties including Producers National Corporation (PNC), Arrow Underwriting Agency Limited (Arrow), AnyConnected and Evolution Risk.

Property Reinsurance

.

Property catastrophe is focused on natural perils including hurricane, windstorm, earthquake, tornado/hail, winter storm and wildfire. Our team targets Excess of Loss, Proportional and limited Retrocessional business. We continue to rely on the relationships our team has built over the past 25+ years in the industry, as well as the larger broker market in London and Bermuda to source business.

Marine & Offshore Energy Reinsurance

.

Marine & offshore energy offers coverage for natural and man-made catastrophes in the shipping and offshore industry. We focus on retrocessional marine contracts and pride ourselves on our ability to customize our programs to meet the diverse needs of our clients.

Specialty Insurance

.

Specialty insurance includes a broad range of short-tail risks including aviation, aerospace, event cancellation and contingency coverage. Our specialty insurance business is sourced primarily through the Lloyd’s of London market.

US Insurance

.

U.S. insurance is focused on the non-standard auto, commercial auto, mobile homeowners and homeowners markets. Our U.S. insurance business is primarily sourced through PNC and related entities, including Arrow Underwriting Agency, AnyConnected and Evolution Risk. Arrow works to identify and source sustainable U.S. commercial auto business for PNC, with these policies benefiting from the additional support of Prospero Re. AnyConnected is an insurtech start-up focused on building commercial auto programs for small businesses using telematics. Evolution Risk is a managing general agency which acts as a program manager for the commercial and personal auto markets. PNC currently holds excess & surplus, as well as admitted market licenses in a growing number of states across the country.

.

SEE BIO

Don Kramer

Founder and Chairman

.

SEE BIO

Tom Libassi

Co-Founder and Managing Partner

.

SEE BIO

Paul Nealon

Co-Founder and Managing Partner

.

SEE BIO

Matt Belk

Managing Director and Chief Actuary

.

SEE BIO

Glenn Clinton

Managing Director and U.S. Property Reinsurance, Bermuda

.

SEE BIO

John Haggerty

Managing Director and Specialty Reinsurance, London

.

SEE BIO

John Warwick

Managing Director, International Property Reinsurance and Weather, London

.

SEE BIO

Armand Foy

Senior Vice President, Global Reinsurance and Catastrophe Bonds, Bermuda

.

SEE BIO

LaVonne Smith

Senior Vice President, Global Reinsurance and Claims, Bermuda

.

SEE BIO

Jamie Warwick

Weather Reinsurance and Claims, London

We value our partnerships

Our promise to pay claims and provide our clients with best-in-class customer service is at the heart of our business. Since our inception in 2013, 100% of our claims have been paid within 2 business days after receiving the claim.

Please reach out to a member of our claims team with any questions or to discuss a specific claims payment need at claims@prosperore.bm.

We value our partnerships

Our promise to pay claims and provide our clients with best-in-class customer service is at the heart of our business. Since our inception in 2013, 100% of our claims have been paid within 2 business days after receiving the claim.

Please reach out to a member of our claims team with any questions or to discuss a specific claims payment need at claims@prosperore.bm

Offices Worldwide

Hamilton Office 

50 Parliament Street
Hamilton, HM 12, Bermuda
Tel: 1.441.294.8300
info@prosperore.com

 

Submissions & Claims
submissions@prosperore.com
claims@prosperore.com

London Office

15 Bishopsgate
London, EC2N 3AR
United Kingdom

Greenwich Office

200 Railroad Avenue
Greenwich, CT, 06831
United States

Chicago Office

7400 North Caldwell Avenue
Niles IL, 60714
United States

Jacksonville Office

10365 Hood Road
South Jacksonville, FL 32257
United States

Offices Worldwide

Hamilton, London, Greenwich, Chicago, Jacksonville

50 Parliament Street, Hamilton
HM 12, Bermuda
Tel: 1.441.294.8300
info@prosperore.com

 

Submissions & Claims
submissions@prosperore.com
claims@prosperore.com
50 Parliament Street
Hamilton, HM 12, Bermuda
Tel: 1.441.294.8300
info@prosperore.com
 
Submissions & Claims
submissions@prosperore.com
claims@prosperore.com