Prospective & Niche Underwriting

Citadel Reinsurance Company Limited’s (Bermuda) (Citadel Re) operations are structured to respond to the demands of its clients around the world. All reinsurance is underwritten from our Bermuda entity.

Our focus is small to medium-size companies.  We always aim to offer intelligent and well-structured solutions. Our small size enables us to tailor our response to each specific opportunity.

Citadel Re is primarily focused on “niche” programs, specifically those containing some or all of the following characteristics:

  • A real or pressing need for reinsurance, such as a requirement to obtain reinsurance by an external regulator.  We can turn these around quickly if a deadline is approaching.

  • We are willing to look at small dollar amounts, particularly where the Minimum and Deposit Premium (MDP)
    is relatively high.
  • Programs with little effective risk transfer. The ideal program is something that pushes the 10/10 risk transfer criterion.
  • Companies that have a successful, established book of business and seek either quota share or XOL support to develop that book.
  • Other unique features, whose risks are ALL underwritten and vetted by a responsible and self-motivated consortium.