# X\-Square Re I\.I\. > Puerto Rico\-domiciled reinsurer providing traditional reinsurance, alternative risk transfer, and captive management for life, health, and P&C lines ## At a glance | Field | Value | | --- | --- | | Type | Carrier | | Region | NA | | Headquarters | Guaynabo, Puerto Rico | | Founded | 2025 | ## Overview X-Square Re I.I. is a Puerto Rico-domiciled reinsurer holding Class 3 and Class 5 International Reinsurer licenses, providing traditional reinsurance, alternative risk transfer, and captive management for life, health, and non-catastrophic property and casualty lines. The company runs Praetor, an in-house enterprise risk management platform that gives cedents and captive clients continuous visibility into reserve adequacy, program performance, and regulatory metrics in place of the quarterly reporting cycles common in the reinsurance industry. Praetor also supports X-Square Re's internal operations, including feasibility analysis, regulatory formation, compliance, and reserve management for captive programs. Reserve assets are invested through parent company X-Square Capital, LLC, an SEC-registered investment adviser, with custody and brokerage relationships spanning Morgan Stanley, Goldman Sachs, BNY Mellon, and PNC. X-Square Re launched in January 2025 as an affiliate of X-Square Capital, LLC, a minority-owned investment advisory firm founded in 2013 with approximately USD 800 million in assets under management. The reinsurer holds financial strength ratings of A- (Stable Outlook) from HR Ratings and A (Stable Outlook) from Pacific Credit Rating, and is capitalized through X-Square Capital's Segregated Asset Plan structure rather than through a venture or private equity funding round. ## Products & services ### Praetor In-house enterprise risk management platform providing real-time dashboards for policy data, reserve positions, premiums, claims, investment performance, and regulatory compliance metrics, replacing quarterly reporting with continuous monitoring. ### Traditional Reinsurance Quota share and excess-of-loss reinsurance structures offering capital relief and retrocession capacity across life, health, and non-catastrophic property and casualty lines, including product liability, trade credit, D&O, and cyber. ### Alternative Risk Transfer and Captive Solutions Loss portfolio transfers, captive excess-of-loss reinsurance, and rent-a-captive arrangements ring-fenced through a Segregated Asset Plan that legally isolates each client's program. ### Captive Management Formation, regulatory filing, ongoing compliance, and reserve management for captive programs, administered through the Praetor platform. ### Trust\-Wrapped Annuities and Life Life insurance and coinsurance/annuity solutions for high-net-worth individuals structured to take advantage of Puerto Rico's Act 60 tax incentive regime. ### Asset Management Reserve investment management through parent company X-Square Capital, LLC, integrating with institutional custodians and brokers including Morgan Stanley, Goldman Sachs, BNY Mellon, and PNC. ## Links - Website: - Directory profile: - Linkedin: - Parent company: --- *Last updated: 2026\-08\-09*