Taussig Capital has acquired Spencer Re I.I to form a new entity, Taussig Capital Re.
Licensed in Puerto Rico, Spencer Re I.I was founded as an international company in 2006 by Joseph Taussig, CEO of Taussig Capital.
The rebranded company will provide reinsurance to primary insurers and reinsurers wanting to optimise their reinsurance programmes and access non-traditional sources of insurance capital.
Such bespoke non-traditional capital solutions will be administered to companies looking to restructure their legacy insurance programmes, including captives.
In addition, Taussig Capital Re will segregate pools of assets and liabilities to explore a company’s unique opportunities for risk exposure.
Taussig comments: “We are incredibly excited about the opportunities that a combined Taussig-Spencer deal brings to the marketplace. Insurers and reinsurers will now have a new tool to help them competitively manage risks.”
“This represents the next step in the evolution of the structure of the insurance industry. Taussig Capital Re will provide insurance products that will assist in safeguarding companies’ risks while allowing them to redeploy capital back into their primary businesses,” he adds.
