Watford Re
Company

date founded

Financing round

General

About Company
Somers Re Ltd. is a global specialty property and casualty insurance and reinsurance company based in Bermuda.

Industry

Sector :

Subsector :

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Also Known As

Watford Holdings

founded date

01.01.2014

Number of employees

Company Type

For Profit

IPO status

Private

Description

Watford Re is a specialty insurer and reinsurer that brings together underwriting and investment expertise. Watford Re launched its reinsurance operations in 2014 as a Class 4 insurer in Bermuda. They use a disciplined underwriting strategy providing capacity and solutions on a global basis. In 2015, Watford Re established their insurance operations to provide specialty products and solutions to an expanded client base. Watford Re partners with best-in-class underwriting and investment managers to combine a diversified insurance business with a tailored investment portfolio. This strategy leverages the expertise and global distribution of partners to enable them to offer innovative products at competitive terms to clients while generating an attractive return over time for shareholders.
Contacts

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M&A Details
1

Acquired by

Arch Capital Group

announced date

09.10.2020

price

$622M

Financials

Co-Investors
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
Axeria IARD acquired by Watford Re

Axeria IARD acquired by Watford Re

acquirer

Watford Re
Watford Re

date

09.04.2021

type

Acquisition
Axeria IARD

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Axeria IARD provides property and casualty insurance services.

Sector

Non-life Insurance

Subsector

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Keywords

Insurance, Property Insurance

Location

Lyon, France

People

Employee Profiles
4
Jon Levy

Jon Levy

CEO

Laurence Richardson

Laurence Richardson

COO

Robert Hawley

Robert Hawley

CFO

John Rathgeber

CEO

Activity

Recent News
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