International Re (I-RE) has launched a new medium-sized captive insurance and reinsurance product, I-RE SA.
The managing general agency aims to increase market access to commercial insurance and reinsurance solutions for mid-sized captives, allowing them to also retain up to 50 percent of their premium spend, as well as expand their client base.
This follows measures taken by I-RE to expand its offering in terms of both geography and product type.
Andy Jeckells, CEO and CCO at I-RE, commented: “I-RE is an ambitious managing general agent, bringing revolutionary, market changing insurance and reinsurance to smaller captives, currently underserved by the market.”
He continued: “This growth opportunity is exciting interest from captive managers and brokers able to see opportunities to grow their client base exponentially by offering our innovative solution. As a result, our pipeline is very strong, and I-RE will see significant growth in the first year and ongoing in the future.”
Rupert Taylor, CEO and chief underwriting officer at I-RE, added: “It’s great to be able to offer mid-sized businesses the opportunity to participate in their exposures and actively underwrite commercial risks in this way.”
“We’ve worked hard with captive managers, brokers and the market to deliver an integrated solution that offers numerous benefits for captives ranging from scope of cover, claims management, capital efficiency and delivers the financial benefits of sharing in potential profits.”
