Altor Re Ltd, a brand new London based mostly brokerage that specialises in inserting insurance-linked securities (ILS) and reinsurance enterprise globally, has formally been launched by founder Raj Jadeja.
Established in October 2024, the corporate is “poised to revolutionise” the reinsurance brokerage panorama, leveraging data-driven methods with a purpose to meet the evolving wants of its purchasers.
Furthermore, Altor Re combines years of trade experience with a “forward-thinking method” to danger administration.
From what we perceive, Altor Re’s providers embody a broad vary of revolutionary danger switch options, together with ILS, collateralized reinsurance, parametric insurance coverage, and Business Loss Warranties (ILWs).
In addition to this, the corporate additionally presents conventional reinsurance placements, corresponding to structured treaty reinsurance (proportional and non-proportional) and customised facultative reinsurance, in addition to retrocession.
Working as an appointed consultant of Servca Group Restricted, an impartial owner-managed dealer at Lloyd’s and a part of Superian Insurance coverage Group, Altor Re Ltd is authorised and controlled by the Monetary Conduct Authority.
Raj Jadeja, Founder and CEO of Altor Re Ltd, commented on the launch: “We’re excited to launch Altor Re Ltd and produce a contemporary perspective to the reinsurance trade. Our partnership with Servca, as their appointed consultant, underscores our dedication to delivering cutting-edge options to purchasers whereas upholding the very best regulatory requirements.
“With our tagline, Your World Associate for ILS and Reinsurance Options, we goal to be a trusted accomplice to purchasers worldwide.”
Jadeja most not too long ago labored at AGILE Danger Companions, a specialist danger capital and reinsurance advisory, previous to which he was a director of reinsurance at Reinsurance Cafe Labuan in Malaysia. He has intensive expertise within the Asian and London reinsurance markets.
Noah Jamal, Founder and Chief Government Officer of Servca, stated: “We’re delighted to be working with Raj and Altor Re. The Lloyd’s and London Market could be very a lot open for enterprise and capitalising on new alternatives. Our FCA Appointed Consultant mannequin is a testomony in how boutique operators like Altor Re can faucet into the worldwide insurance coverage market by means of a simplified turn-key method.”