Proventus Holdings, LP (“Proventus”) is aDelaware Limited Partnership that providesthe partners with a unique alternativeinvestment opportunity in the reinsurancesector. The Proventus program was createdin 2012 and is led by a team with more thantwo decades of investment and assetmanagement experience. Proventusprovides approximately $50 million incapacity supporting over $200 million inGross Written Premium.Proventus’ partners receive a return ofseven percent (7%) for providing statutorycapital for a family of reinsurancecompanies.The investment platform has been carefullystructured to allow the investor to maintaincontrol of their funds invested at theirfinancial institution. The investorprovides a Letter of Credit for a productthat is non-correlated to market conditionsor business risks including interest rate,credit, inventory or stock market risk.Our investment approach utilizes anon-traditional underwriting framework.That framework relies on program structuralparticulars and characteristics in addition totraditional underwriting of program targetrisks and associated pricing.Corinthian Re seeks out adequatealignment of interests at each stage in thetransactional chain and participation fromexperienced lead reinsurer markets that canbe used as proxy underwriters for expertvetting of opportunities.CORINTHIAN RE SPCCAYMAN ISLANDSCARIBBEAN INDEMNITY SPCCAYMAN ISLANDS01COASTAL INSURANCE SPCEOS RECAYMAN ISLANDSBERMUDAThe underwriting guidelines emphasizethe assumption of large books ofshorter-tailed businesses that provide amore stable and predictable risk profile.These types of opportunities would typicallybe characterized as high frequency andlow severity.This strategy has a perfect track record ofpayments to investors with no call downson any Letters of Credit.At the heart of Proventus Holdings is ourfamily of reinsurance companies, ledby Corinthian Re. These entities existto strategically evaluate opportunisticparticipation on quota share treatyreinsurance programs based in theUnited States.Expected margins on a program areprotected as much as possible via slidingscale commission structures, which alsoserve as a form of risk assumption bythe producers.Collectively, these risk mitigation andcontrol measures provide a platformthat limits maximum potential exposurethrough stop-loss control mechanisms.With each additional book of business thatis acquired, these mechanisms givedefinable parameters around maximumpotential loss on a single treaty which isthen diversified away across successiverenewals, along with each additional bookof business that is acquired.02
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