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Northern Re in-force premium tops $1 billion as capital base expands
The specialty reinsurer said committed capital rose from $25 million to $325 million since it began underwriting in January 2023.
Northern Re, a specialty reinsurance group focused on high-frequency, low-severity property and casualty portfolios, said its in-force premium has surpassed $1 billion, reflecting growth across bespoke reinsurance arrangements.
The company said it has participated in more than 100 bespoke contracts across treaty, legacy and whole-account solutions since commencing underwriting in January 2023. It also reported that committed capital increased from $25 million to $325 million.
Northern Re launched with a focus on the MGA and programme market, but it now spans traditional insurance company and retrocession opportunities globally. Structured quota shares represent the majority of its assumed premium, and the firm said it maintains an average line size of approximately $20 million, while selectively deploying more than $100 million on individual opportunities.
Looking ahead, Northern Re expects continued growth into year-end 2026 and 2027 across structured solutions, retrocession and bespoke casualty transactions, supported by a growing investor base and demand for alternative sources of capital, Reinsurance News reported.