Martello Re

Martello Re

Tailored reinsurance solutions backed by capital

Overview

Martello Re is a Bermuda-based reinsurer that provides tailored reinsurance solutions to help insurers manage risk and meet strategic goals. It uses its large capital base—over $2 billion in committed capital and more than $23 billion in assets under management—to back reinsurance agreements and customize products for each insurer’s needs. The company differentiates itself through its substantial financial resources, specialized expertise, and a collaborative, growth-focused team of over 70 professionals who work with clients to structure risk-sharing arrangements. Its goal is to support insurers in portfolios’ risk management while expanding its own presence in the reinsurance market.

About Martello Re

Simplify's Rating
Why Martello Re is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$1.3B

Headquarters

Canada, Kentucky

Founded

2022

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Simplify's Take

What believers are saying

  • July 2024’s $1.3 billion raise added $935 million equity and $360 million credit capacity.
  • AM Best kept A- and stable outlook through August 2025, aiding cedant confidence.
  • The 2026 Bermuda scholarship program deepens local hiring pipelines and employer brand.

What critics are saying

  • Martello Re depends on Centerbridge-managed assets; poor credit performance can crush returns by 2027.
  • Its concentrated MassMutual-origin book creates cedant and reserve risk if experience deteriorates quickly.
  • If capital markets tighten before renewal cycles, Martello Re loses growth fuel and deal credibility.

What makes Martello Re unique

  • Martello Re launched in 2022 with MassMutual, Centerbridge, and Brown Brothers Harriman backing.
  • It now markets over $2.5 billion committed equity capital and A- AM Best ratings.
  • Its Bermuda platform targets asset-intensive life and annuity reinsurance with tailored cedant structures.

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Funding

Total Funding

$1.3B

Above

Industry Average

Funded Over

2 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

1%
Legal Desire
Jul 25th, 2024
Kirkland Advises Centerbridge on $1.3 Billion Capital Raise for Martello Re

Kirkland & Ellis represented private investment management firm Centerbridge Partners in connection with a $1.3 billion capital raise for life and annuity reinsurer Martello Re Limited.

The Royal Gazette
Jul 24th, 2024
Martello Re raises $935m in second-round equity funding

Martello Re raises $935m in second-round equity funding.

Newswire
Jul 23rd, 2024
Martello Re announces closing of $1.3 billion capital raise consisting of $935 million in equity and a $360 million upsize of the Company's credit facility

/CNW/ -- Martello Re Limited ("Martello Re") announced today the successful closing of a second round of equity funding, raising $935 million of equity...

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