On July 2, 2021, Watford Holdings Ltd. was acquired by Arch Capital Group Ltd. (40%) and funds managed by Kelso & Company (30%) and Warburg Pincus (30%). On Nov. 4, 2021, Watford Holdings Ltd. changed its name to Somers Group Holdings Ltd.
NEW PERSPECTIVES ON RISK MANAGEMENT
Somers Re Ltd. (previously Watford Re Ltd.) is a privately held, global specialty property and casualty insurance and reinsurance company headquartered in Bermuda that is owned by Arch Capital Group Ltd., Kelso & Company and Warburg Pincus. Somers Re is focused on delivering flexible, creative solutions to clients worldwide.
Underwriting at Somers Re is performed by Arch Capital Group Property & Casualty subsidiaries, which are well known for their thoughtful, disciplined approach to understanding and underwriting complex risk. Somers writes a variety of products across a wide range of geographies, providing important capacity and optionality to existing and new clients.
With an experienced management team, devoted ownership and an “A- (Excellent)” financial strength rating from A.M. Best Company and an “A” rating from Kroll Bond Rating Agency, Somers Re can be a meaningful part of your placement strategy.