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About Us

Kelvin Re is a privately-owned, Guernsey domiciled and regulated global reinsurer, writing short tail property and specialty lines reinsurance focusing on low risk non-correlating property business. It has employed a territorially diverse strategy in order to build a balanced and profitable portfolio.

Kelvin Re has achieved an A.M. Best rating of A- with a stable outlook. According to A.M. Best, the rating was achieved due to “strong capitalisation, a diversified projected business profile within the natural catastrophe reinsurance market, experienced management and well-designed risk management.” (source: A.M. Best rating announcement).

Kelvin Re’s innovative structure, investment strength and experienced management team have placed it in good stead to achieve consistent returns for the investor and longevity in the industry, no matter what the marketplace conditions.

Structure

Kelvin Re brings together the very best in specialist services from a variety of industry leaders in their field.The vehicle benefits from the sourcing, investment advice and expertise of the dedicated Credit Suisse ILS Strategies team, who currently manage over $7bn of assets and over $800m of GWP.

Our insurance manager, Aon Guernsey, which provides insurance management services to over 300 licensed entities, provide technical, financial reporting, regulatory and compliance advice to the Company.

Innovation

Kelvin Re’s outsourced structure is an innovative market development that allows efficient capital provision with a low expense ratio that is ideally suited to current market conditions. A benefit of outsourcing partners is scalability. The experience of clients (in particular when claiming) is extremely important to Kelvin Re. There are over 60 professionals in Guernsey that can support client experience, as well as additional support from Credit Suisse ILS Strategies team.

Kelvin Re has a very low leverage factor compared to the industry and has also achieved an expense ratio of nearly half the industry average (Kelvin Re 23.1% as of 1 January 2017 compared to the industry average of 32.7% - based on Aon Benfield 2016 Aggregate).

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Classes of business

Proportional Treaties

Average line $20-30m
Normal maximum PML $50m
Proportional Treaties

ILW & Structured ILW

Average line $10-15m
Normal maximum line $30m
ILW & Structured ILW

Marine & Energy

Average line $10m
Normal maximum line $15m
Marine & Energy

Agriculture & Crop

Average line $10m
Normal maximum line $25m
Agriculture & Crop

Lottery

Average line $5m
Normal maximum line $5m
Lottery

Aviation & Space

Average line $5m
Normal maximum line $10m
Aviation & Space

Personal Accident

Average line $5m
Normal maximum line $10m
Personal Accident

Engineering

Average line $10m
Normal maximum line $10m
Engineering

Domicile

Kelvin Re is based in Guernsey, which has long been Europe’s preeminent domicile for vehicles and structures in the insurance-linked business due to its political, fiscal, legal and economic stability. This, together with its well-established infrastructure and proximity to Zurich and London, makes it a highly suitable choice of location for Kelvin Re.

2018 Annual Report and Financial Statements
Guernsey
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