Watford Re
Watford Re (now Somers Re Ltd.) is a Bermuda-headquartered specialty property and casualty insurance and reinsurer that writes global specialty P&C and reinsurance through Arch Capital Group P&C subsidiaries, serving enterprise insurance and reinsurance clients via subsidiaries in the UK, France and the US.
- Company typePrivate
- Founded2014
- HeadquartersHamilton, Bermuda
- Headcount1–10
- GTM typeB2B
- OfferingServices
Watford Re firmographics
Firmographics- Name
- Watford Re
- Legal name
- Somers Re Ltd.
- Website
- https://watfordre.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Watford Re (now Somers Re Ltd.) is a Bermuda-headquartered specialty property and casualty insurance and reinsurer that writes global specialty P&C and reinsurance through Arch Capital Group P&C subsidiaries, serving enterprise insurance and reinsurance clients via subsidiaries in the UK, France and the US.
- Ownership category
- akta.pro rank
Watford Re industry classification
Industry- Product category
- Specialty Insurance & Reinsurance
- NAICS
- Insurance Carriers and Related Activities (524)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Casualty Facultative Reinsurance (FSAOAFAB)
- akta.pro secondary industries
- Facultative Reinsurance Brokerage (FSAOAHAB), P&C Reinsurance Brokerage (FSAOAHAG)
Keywords
Where Watford Re is headquartered
LocationHeadquarters
- HQ city
- Hamilton
- HQ country
- Bermuda
Offices4 records
Markets served
Watford Re business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Others, Technology or R&D, Marketing or Sales
Revenue model
- Property and Casualty Insurance and Reinsurance: Somers Re generates revenue through writing specialty property and casualty insurance and reinsurance products across a wide range of geographies. The company provides capacity and optionality to clients worldwide, operating as a global specialty P&C insurer.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Watford Re product offering
Product offeringCore offering
Somers Re (formerly Watford Re) is a global specialty property and casualty insurance and reinsurance company providing flexible, creative risk management solutions to clients across multiple geographies. Underwriting is performed through Arch Capital Group Property & Casualty subsidiaries, which deliver capacity and optionality to existing and new clients worldwide. The company offers specialty P&C insurance and reinsurance products through subsidiaries including Axeria IARD, Watford Insurance Company Europe Limited, and Watford Specialty Insurance Company.
Differentiator
Problem solved
Functional benefit
Products and services
- Reinsurance
- International Insurance
- Axeria IARD
- Watford Insurance Company Europe Limited
- Watford Specialty Insurance Company
Companies that use Watford Re
Customer profileSegments1 record
Ideal customer profiles1 record
Watford Re technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Watford Re partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Arch Capital Group Property & Casualty subsidiariescoreUnderwriting 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.
Scale indicators2 records
Watford Re competitors and assessment
Company assessmentDirect peers
- PartnerRe Ltd. Global specialty reinsurer (PE-owned by Covéa) writing P&C, specialty, and life/health reinsurance. Comparable in PE-backed structure and specialty P&C reinsurance strategy.
- Everest Group Ltd. Bermuda-domiciled global reinsurer and specialty insurer with comparable P&C reinsurance and insurance offerings across multiple geographies.
- RenaissanceRe Holdings: Bermuda-based specialty reinsurer writing P&C catastrophe and specialty lines globally. Directly comparable in product mix, geographic footprint, and client base to Somers Re.
- Lancashire Holdings Limited: Bermuda-based specialty insurer focused on P&C, aviation, energy, marine, and terrorism—comparable niche specialty lines and Bermuda domicile.
- Greenlight Re Innovations: Specialty reinsurer based in Cayman writing P&C reinsurance globally—comparable specialty P&C reinsurance model with similar size profile.
- Third Point Reinsurance: Bermuda-based specialty P&C reinsurer with hedge fund sponsor backing—comparable in scale, structure, and specialty P&C underwriting focus.
- AXIS Capital Holdings: Bermuda-based specialty insurer and reinsurer focused on P&C lines including property, marine, terrorism, and professional lines—highly comparable specialty P&C focus.
Broad incumbents
- Hiscox Ltd. Specialty insurer with Bermuda and London operations writing P&C lines including marine, energy, and professional indemnity—comparable specialty insurance focus with global reach.
- Aspen Insurance Holdings: Specialty P&C insurer and reinsurer with global operations and Bermuda presence, writing property, casualty, marine, and specialty lines directly comparable to Somers Re's portfolio.
- Arch Capital Group Ltd. Somers Re's underwriting platform partner and part-owner. Arch is a broad incumbent P&C insurer and reinsurer with a much larger, diversified book; comparable because it writes the same specialty P&C lines that Somers Re ultimately assumes.
Market position
Customer concentration
Watford Re financial estimates
Financial estimateRevenue estimate
Valuation estimate
Watford Re leadership team
Management profileNumber of profiles
Profiles4 records
Watford Re subsidiaries and ownership
Company hierarchySubsidiaries3 records
Watford Re funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Watford Re M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Watford Re
What does Watford Re do?
Somers Re (formerly Watford Re) is a global specialty property and casualty insurance and reinsurance company providing flexible, creative risk management solutions to clients across multiple geographies. Underwriting is performed through Arch Capital Group Property & Casualty subsidiaries, which deliver capacity and optionality to existing and new clients worldwide. The company offers specialty P&C insurance and reinsurance products through subsidiaries including Axeria IARD, Watford Insurance Company Europe Limited, and Watford Specialty Insurance Company.
Is Watford Re a public or private company?
Watford Re is a private company. It is classified as private equity controlled and is currently operating.
When was Watford Re founded?
Watford Re was founded in 2014. It employs 1 to 10 people.
Where is Watford Re based?
Watford Re is headquartered in Hamilton, Bermuda.
How does Watford Re make money?
One revenue line is on record: property and Casualty Insurance and Reinsurance.
Who are Watford Re's main competitors?
Direct peers on record are PartnerRe Ltd., Everest Group Ltd., RenaissanceRe Holdings, Lancashire Holdings Limited, Greenlight Re Innovations, Third Point Reinsurance and AXIS Capital Holdings. Broad incumbents are Hiscox Ltd., Aspen Insurance Holdings and Arch Capital Group Ltd..
Does Watford Re have an API?
No public API is recorded for Watford Re.
What industry is Watford Re in?
Watford Re's product category is Specialty Insurance & Reinsurance. Its primary akta.pro industry code is FSAOAFAB, Casualty Facultative Reinsurance, with a secondary code of FSAOAHAB, Facultative Reinsurance Brokerage. Its NAICS code is 524 and its SIC code is 6331.