New York (Nov. 23, 2020) –
“The !Re team thanks Will Dove for his contributions,” said Van Slyke. “Having successfully established our Bermudian insurance subsidiary, developed our functioning trading system with strategic partner Nasdaq, and relationships with leading industry service providers, including the top global insurer, we are ready to turn our focus to the capital markets side of !Re’s ecosystem.”
Extraordinary Re’s platform for trading insurance liabilities is the natural evolution of Insurance Linked Securities. By creating new ways to transfer risk from the insurance industry to the capital markets, !Re deals with the limitations of cat bonds, and furthers the integration of insurance and capital markets.
Van Slyke added, “There is no better time for !Re because reinsurance contracts are more profitably priced and premiums are larger in relation to policy limits than they have been for years.”
Van Slyke, a Fellow of the Casualty Actuarial Society, has been a consultant to large and private corporations and to the insurance industry for more than four decades. He created Extraordinary Re because insurance liabilities had no secondary market.
About Extraordinary Re [!Re]: Extraordinary Re’s platform for trading insurance liabilities is the natural evolution of ILS [Insurance Linked Securities]. By creating new ways to transfer risk from the insurance industry to the capital markets, !Re deals with the limitations of cat bonds, and furthers the integration of insurance and capital markets. With the firm’s two patents, !Re benefits all participants in the respective markets’ value chains, from a new non-correlated asset class for institutional investors and traders, to ameliorating the protection gap for policy holders, to providing new tools for risk and capital management for insurance and reinsurance companies.
Follow on LinkedIn: https://www.linkedin.com/company/extraordinary-re
Contact: Lee.VanSlyke@XReHoldings.com