Taussig Capital Re aims to bring non-traditional capital to re/insurers

Taussig Capital Re aims to bring non-traditional capital to re/insurers

Taussig Capital Re has actually been released as a Puerto Rico accredited reinsurance business, with a promise to bring non-traditional sources of capital to insurer and reinsurer clients.Launched by popular industry executive Joe Taussig, the former CEO of Multi-Strat Holdings and the strategist behind a number of major hedge fund entries into the reinsurance market, Taussig Capital Re has actually been formed after Taussig Capital obtained all of the voting shares in Spencer Re I.I., an International Insurance Company founded in 2006.
Spencer Re has now been rebranded Taussig Capital Re and will provide reinsurance to primary insurance companies and reinsurers that are seeking to optimise their reinsurance programs, along with supply access to non-traditional sources of insurance coverage capital.
Taussig Capital Re can segregate swimming pools of liabilities and possessions, the company said, which it thinks creates “unique opportunities for exposure to a broad spectrum of insurable dangers and a versatile platform for insurance companies and reinsurers.”
” We are extremely thrilled about the opportunities that a combined Taussig-Spencer deal brings to the marketplace,” explained Joe Taussig. “Insurers and reinsurers will now have a brand-new tool to help them competitively manage dangers. Furthermore, being licensed in Puerto Rico provides a number of unique benefits from both a legal and regulatory point of view. Not only is Puerto Rico the only overseas insurance coverage center to be a part of the United States federal court system, it likewise a member of the US National Association of Insurance Commissioners (NAIC)– the industrys regulative standard-setting body.”
Taussig Capital Re will specialise in connecting insurance providers and reinsurers with non-traditional capital sources, providing bespoke solutions to business that wish to reorganize their tradition insurance programs, consisting of captive insurance programs.
” This represents the next step in the development of the structure of the insurance coverage industry,” Taussig included.
” Taussig Capital Re will offer insurance coverage products that will assist in safe-guarding those business threats while permitting them to redeploy capital back into their primary businesses.”
Taussig has a track-record for bringing asset managers into reinsurance and assisting re/insurers access capital from diverse sources, including the capital markets.

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