Sequant Re Launch New Reinsurance Company
Sequant Re Holdings Limited announced that it has completed its financing and is launching Sequant Reinsurance Company Limited, a newly formed Bermuda based global reinsurance company.
The company said, “Sequant Re combines Insurance-Linked Securities [ILS] and Bermuda’s unique segregated account structure to offer a flexible and highly efficient platform for the transfer and securitisation of insurance risks.
“Sequant Re’s goal is to lower barriers for investors and expand the reach of risk transfer and securitisation solutions in the reinsurance market. The executive team has over 60 years of combined insurance and reinsurance business experience and has been actively involved within the ILS space since the advent of catastrophe bonds.
Guy Cloutier, Sequant Re’s CEO and founder, said: “Innovation in platforms and products is the biggest opportunity in ILS. Our goal is to lower barriers for investors and expand the reach of risk transfer and securitisation solutions. ILS make it possible for anyone to transfer risks to investors willing to accept them. Sequant Re provides an efficient platform for matching capital with risks.”
David Lalonde joins the company as Chief Risk and Underwriting Officer of Sequant Re. He was recently Senior Vice President at AIR Worldwide, where he spent 19 years leading various teams, including consulting, capital markets and decision analytics.
Mr Lalonde says, “I am thrilled to be joining Guy, who has been hard at work formulating these concepts for quite some time. We now have developed and refined a process and the tools necessary to make risk transfer and investing efficient and flexible all within one entity operating in the time-tested Bermuda regulatory regime.”
“David brings a wealth of experience and expertise and is the ideal professional to lead the company’s entry in the global ILS reinsurance market,” says Mr. Cloutier.
Peter Hughes joins the company as a Director of Sequant Re Holdings Limited, and Andrew Cooke joins the company as a Director of Sequant Re Holdings Limited.
