Mandarin Re Strengthens Global Presence Through Strategic Partnership with LIRG
ArticleMandarin Re has taken a significant step in expanding its international footprint by partnering with Algorithmic Insurance Services, Inc., trading as LIRG (Latin International Reinsurance Group). This collaboration allows Mandarin Re to provide innovative reinsurance solutions across new markets while maintaining high standards of underwriting discipline.
Through this agreement, LIRG’s platform is authorised to underwrite and bind policies of up to US$ 3 million, following Mandarin Re’s underwriting guidelines. The scope includes facultative property risks, property treaty reinsurance, and Industry Loss Warranty (ILW) structures, covering both traditional catastrophe exposures and structured, index-based transactions designed to meet the retrocessional and capital management requirements of insurers and reinsurers worldwide.
This partnership enhances Mandarin Re’s ability to bridge coverage gaps globally, delivering tailored solutions that combine technical expertise with data-driven insights. Through this collaboration, Mandarin Re can now extend its support to a broader network of cedents and partners.
Commenting on this milestone, Mikhail Grishin, COO of Mandarin Re, said: “This partnership marks an exciting chapter for Mandarin Re. By working with LIRG, we can strengthen our international reach and offer clients more innovative reinsurance structures. Their global platform complements our expertise perfectly, enabling us to respond quickly to market needs and provide strategic solutions across Latin America and beyond.”
Mark Groenheide, CEO and President of LIRG, added: “We are pleased to formalise this collaboration with Mandarin Re. Their deep experience in structured and specialty reinsurance aligns seamlessly with our approach, and together we can build a disciplined, global portfolio of reinsurance solutions.”
For more information about Mandarin Re and our solutions, please contact:
Email: info@mandarinre.com
Phone: +603 9213 1577
Website: www.mandarinre.com
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