Extraordinary Re Company Announcement
Extraordinary Re has suspended all activities pending a decision on winding up the company
The Liquid Marketplace for $22 Trillion of Insurance Liabilities
about
EXTRAORDINARY RE IS A PLATFORM FOR THE DAILY TRADING OF INSURANCE LIABILITIES EMBEDDED IN A BERMUDA DOMICILED, LICENSED REINSURER
EXTRAORDINARY RE SOLVES THREE PROBLEMS...
FOR INVESTORS AND TRADERS:
the need for uncorrelated returns
FOR REINSURERS:
the ability to transfer a full range of risk classes to capital markets investors
FOR THE WORLD:
alleviate the protection gap which prevents most of the world from obtaining and gaining the benefits of insurance
capital markets
EXTRAORDINARY RE’S PATENTED TECHNOLOGY TRANSFORMS INSURANCE LIABILITIES INTO TRADEABLE CONTRACTS
With multiple daily auctions, capital market participants benefit from the opportunity to realize high, uncorrelated returns in a vast and virtually untapped marketplace
reinsurance
EXTRAORDINARY RE OFFERS...
TRADERS:
access to a new asset class with positive alpha and low correlation
INSTITUTIONAL INVESTORS:
a new kind of insurance-linked security (ILS) with exposure to diverse perils other than property catastrophe
INSURANCE COMPANIES AND INTERMEDIARIES:
simpler and more efficient access to the capital markets for risks that are not well-supported by actuarial models, and new opportunities to earn fee revenues
team
Oakley (Lee) Van Slyke, CEO
FCAS, MAAA, CERA, Chairman and CEO
Mark Reece, CTO
Reece has more than 30 years of experience in systems design including trading platforms
Joe Rosen, EVP, Capital Markets
Rosen has more than 30 years of experience in electronic trading and capital markets
ADVISORS:
Robert Deutsch – Founding CEO, Ironshore
Len Goldberg – Founding CEO, Greenlight Capital Re
Cory Isaacson – Founding CEO, rethought Insurance
Tom Hughes – Co-founder, Managing Partner, Real Decisions LLC
Pete Kruskall – Co-founder and founding CTO, Kenshō
Robert Schwartz – University Distinguished Professor, Zicklin School of Business, Baruch College
Jerry Sullivan – Chairman, The Sullivan Group
Richard Fein – Former COO, National Counsel of Compensation Insurance
Ted Nadeau – 30 year CIO, CTO and Technical Project Manager for start-up and established ventures
Vito Nigro – Former Treasurer & Chief Risk Officer, PMA Capital Corporation
Kevin Lupowitz – Founding CIO, Liquidnet
COUNSEL:
General Counsel - Corporate Law Solutions
Insurance Counsel - Sidley Austin LLP
Bermuda Regulatory Counsel - ASW Law Ltd.
blog
news
