# Somers Re Ltd\.

> Specialty property and casualty reinsurer offering flexible solutions across global casualty, property, and mortgage lines\.

## At a glance

| Field | Value |
| --- | --- |
| Category | Reinsurance Technology |
| Type | Carrier |
| Headquarters | Pembroke, Bermuda |
| Founded | 2014 |
| Employees | 1-10 |

## Overview

Somers Re Ltd. is a privately held, Bermuda-based specialty property and casualty reinsurer. Originally established in 2014 as Watford Re, the company was relaunched under its current name in November 2021 following a strategic repositioning by Arch Capital Group Ltd. toward a more traditional reinsurance model. The Somers Re name pays tribute to Sir George Somers, the historical founder of Bermuda.

The company underwrites specialty reinsurance across casualty, property, mortgage, and marine lines, serving cedents in the US, UK, and European markets. Underwriting operations are performed by Arch Capital Group Property & Casualty subsidiaries, giving Somers Re access to Arch Reinsurance's established expertise and market relationships. In 2025, the company expanded into the Lloyd's market through Lime Syndicate Management (Syndicate 3705).

Somers Re is rated A- (Excellent) with a Positive Outlook by AM Best as of February 2025, and holds an A rating from Kroll Bond Rating Agency. The company is owned by Arch Capital Group Ltd., Kelso & Company, TPG Inc., and Warburg Pincus LLC, with total capitalization of approximately USD 1.134B.

## Products & services

### Casualty Reinsurance

**Key features:**

- US casualty reinsurance protecting US insurers against liability and bodily injury claims
- International casualty reinsurance providing coverage for global liability risks outside the US

### Property Reinsurance

**Key features:**

- US property reinsurance
- International property reinsurance including catastrophe coverage for risks outside the US

### Mortgage Reinsurance

**Key features:**

- Reinsurance of mortgage\-related credit risks

### Marine and Offshore Energy

**Key features:**

- Reinsurance of risks related to shipping, cargo, and energy platforms at sea

### Distribution Entities

The group distributes through multiple regulated entities by geography:

**Key features:**

- \*\*US\*\*: Watford Specialty Insurance Company, Watford Insurance Company
- \*\*UK\*\*: Watford Insurance Company Limited
- \*\*EU\*\*: Axeria IARD
- \*\*Lloyd's\*\*: Lime Syndicate Management \(Syndicate 3705, launched 2025\)

## Category & focus

- Insurance verticals: Reinsurance, Specialty/E&S, P&C Commercial
- Target customers: Carriers, Reinsurers

## Links

- Website: <https://somersgroup.com>
- Directory profile: <https://insurtechlist.com/companies/somers-re-ltd/>
- Linkedin: <https://bm.linkedin.com/company/somers-re-ltd>
- Arch reinsurance: <https://reinsurance.archgroup.com/offering/somers-re-ltd/>

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*Last updated: 2026\-05\-18*