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Mandarin Re raises paid-up capital to $26m to target $70m in 2026 GWP

Property risks make up about 70% of Mandarin Re’s portfolio, as the reinsurer says it is expanding internationally while keeping a focus on margin analysis.

Reported · Written up by our desk · Reinsurance

Labuan-domiciled reinsurer Mandarin Re has increased its paid-up capital to $26 million, its second capital increase this year, and said the move supports a target of $70 million in gross written premiums for 2026.

In explaining the injection, Reinsurance News wrote that the company tied the funding to capital management and portfolio development, and to underwriting higher-quality premiums for underserved cedants across markets worldwide.

Mandarin Re said it now reaches more than 150 countries via a growing network of brokers, cedants, and partners, with offices across Latin America and the Caribbean, Asia Pacific, the Middle East and North Africa, and Africa and Europe.

The reinsurer said property risks account for about 70% of its portfolio, and it underwrites engineering, marine, energy, aviation, and specialty lines, including liability, surety, and political risk, on treaty and facultative bases, while chief executives said the additional capital underpins its planned growth.

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