Reinsurance News

Topsail Re prepares for January 2019 launch

30th October 2018 - Author: Matt Sheehan

Topsail Re, a newly formed reinsurer domiciled in the Cayman Islands, is preparing to begin writing business at the 1 January 2019 renewals.

topsail-re-logoParent company Topsail Holdings said that the vehicle will underwrite business across a number of lines, including auto quota shares, property catastrophe risks, property retrocession, per-risk property business, captive solutions and other quota shares.

The privately held reinsurer will be led by David D. Johnson, who joins the company from JLT Re, where he is currently a Member of the North America Executive Committee and Executive Vice President.

Johnson has two decades of experience in the reinsurance industry and was previously President and Chief Operating Officer (COO) of Axiom Re.

He will be joined by Topsail co-founder David Lee, a former NBA All-Star and affiliate of private equity firm Social Capital Corporation.

Other key team members transitioning to Topsail include Robert H. Harnatkiewicz, who has 28 years’ experience with companies such as Axiom Re and Munich Re, and Jacqueline S. May, who has 25 years’ experience at companies including Axiom re, Aon Re and Willis Re.

Topsail said that it plans to target regional insurance carriers through brokers to offer traditional and bespoke reinsurance solutions.

The company added that it is closely held with seeded capital from ultra-high net worth financial backing, and has elected to be treated as a U.S tax paying entity.

“Topsail is a family company built on the basis of long term relationships” said Johnson. “We are excited to form partnerships with brokers and carriers in which our experience and capital can make a difference.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Lloyd’s market has no choice but to reduce costs: AXIS CEO, Benchimol

The specialist Lloyd's of London insurance and reinsurance marketplace has no choice but to reduce its costs, and the market...