Somerset Re is a leading life and annuity reinsurer offering an array of creative and strategic solutions tailored to meet the unique needs of insurance carriers. We have over a decade of experience in constructing strategic asset allocations around liability cash flows, producing diversified portfolios that manage risk and result in improved investment returns. Using a consultative approach to advise on deals of all sizes in both the U.S. and Bermuda, we provide clients with the flexibility to transact based on their comfort and preference.
What Drives Us
Our Mission
Our mission is to strengthen the financial resilience of life insurance and annuity companies through innovative, capital-efficient reinsurance solutions, focusing on long-term partnerships, disciplined risk management, and creative problem-solving.
Our Vision
We aim to be the go-to global reinsurance partner for the life and annuity market, recognized for our industry expertise, ability to deliver creative, capital-efficient solutions and commitment to integrity and long-term relationships.
At a Glance
Somerset Re By The Numbers
~40
global professionals, >⅓ credentialed actuaries
80%
of top US Life & Annuity Insurers engaged*
10+
years of delivering value to clients
since 2014
*Measured by 2024 Group Net Assets from S&P IQ
Recent Deals
Explore our recent deals, highlighting our expertise in providing tailored reinsurance solutions. Each partnership reflects our commitment to addressing complex challenges in the life and annuity sectors.
Recent New Business Flow Deals
- A new business flow partnership for Multi-Year Guaranteed Annuities (MYGA) and Fixed Indexed Annuities (FIA) with a U.S. life and annuity insurer (executed March 2025)
- A Long-Term Disability reinsurance transaction with a major U.S. disability insurer (executed January 2025)
- A new business flow partnership for FIA with a major U.S. insurer (executed September 2024)
- A new business flow partnership for MYGA with a major U.S. insurer (executed December 2023)
Recent Inforce Deals
- Pre-need life insurance portfolio and flow transaction (executed October 2025)
- A $2.2B inforce Deferred Annuities transaction with a U.S. life & annuity insurer (executed June 2025)
- An inforce Life portfolio transaction with administration transfer with a global insurer (executed March 2025)
- An inforce Corporate-Owned Life Insurance (COLI) and Bank-Owned Life Insurance (BOLI) transaction with a U.S. life & annuity insurer (executed December 2024)
- A $12.5B inforce Universal Life with Secondary Guarantees (ULSG) transaction with a major global insurer (executed March 2024)
Our Team
Meet Our Experienced Leadership Team
Our leadership team brings more than 25 years of global expertise in reinsurance and financial solutions. Each member is dedicated to driving innovation and delivering tailored solutions for our clients.
Relationship with Aquarian
With Aquarian, We’re Built for What’s Next
Our Offices
Bermuda
Somerset Re is incorporated in Bermuda and is licensed and regulated by the Bermuda Monetary Authority. The Company is tax resident in the Republic of Ireland and subject to Irish taxes.
United States
While global in reach and Bermuda-based, Somerset Re has a deep focus on the U.S. market.