InEvo Re, a Bermuda Class E life and annuity reinsurer, has completed two reinsurance transactions with two new UK insurance clients.
According to the firm, the transactions are evidence of its “leading position” in the UK funded reinsurance market, and reflect its expanding capacity to deliver complex, tailored solutions to insurers across international markets.
Alex Brogden, InEvo Re Chief Underwriting Officer, commented, “These two transactions mark an important expansion of our client base.
“Each deal was structured to meet the client’s specific capital and risk objectives — that is where we add the most value. We look forward to supporting these clients and expanding our client base globally in the years ahead.”
Brogden joined InEvo Re in June of this year, having previously served as Group Chief Underwriting Officer at Monument Re Group.
In August, credit ratings agency AM Best assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to InEvo Re, with a stable outlook.
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