Extraordinary Re logo — Creating a Liquid Marketplace for Insurance Liabilities

Extraordinary Re

Creating a Liquid Marketplace for Insurance Liabilities

Founded 2012 United States New York, United States 3 employees Seed Total: $771.00K Insurance, Insurtech +2

General Information

Company Name Extraordinary Re
Founded Year 2012
Location United States New York, United States +1
Employees 3
Industries Insurance, Insurtech, Platforms +1
Funding Stage Seed
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About Extraordinary Re

Extraordinary Re is a platform aiming to create a liquid marketplace for $22 trillion of insurance liabilities. Founded in 2012 and headquartered in the United States, the company's slogan "Creating a Liquid Marketplace for Insurance Liabilities" underscores its mission. Extraordinary Re operates as a platform for the daily trading of insurance liabilities embedded in a Bermuda domiciled, licensed reinsurer. It addresses several key issues: the need for uncorrelated returns for investors and traders, the ability for (Re)insurers to transfer a full range of risk classes to capital markets investors, and the aim to alleviate the protection gap which prevents most of the world from obtaining and gaining the benefits of insurance. The company's patented technology transforms insurance liabilities into tradeable contracts. Conducting multiple daily auctions, Extraordinary Re offers capital market participants the opportunity to realize high, uncorrelated returns in a vast and virtually untapped marketplace. For the Capital Markets, Extraordinary Re offers a new asset class with positive alpha and low correlation for traders, and for institutional investors, a new kind of insurance-linked security (ILS) with exposure to diverse perils other than property catastrophe. The last recorded investment in the company was a $630.00K Seed Round investment from Golden Angels Investors and Plug and Play on 01 February 2017.

Taxonomy: Insurance-linked securities, Reinsurance, Capital markets, Trading platform, Insurance industry, Risk transfer, Investment opportunities, Marketplace innovation, Asset management, Financial technology, Syndication, Risk management, Market liquidity, Actuarial models, Dynamic risk management

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 2
Investor Investor
01 Feb 2017
Pre Seed Round •••••• - 09 Apr 2013

Extraordinary Re Alternatives & Competitors

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FAQ About Extraordinary Re

Creating a Liquid Marketplace for Insurance Liabilities
Extraordinary Re was founded in 2012.
Extraordinary Re is headquartered in New York, United States.
Extraordinary Re operates in the following industries: Insurance, Insurtech, Platforms, Trading Platform.
Extraordinary Re has approximately 3 employees.
Extraordinary Re has completed 2 funding rounds, raising a total of $771.00K. The latest funding stage is Seed.
Top alternatives and competitors to Extraordinary Re include OnRe, EYSSAUTIER-VERLINGUE, UTC Network Pte Ltd, Next Level Holdings, LLC, Traders Union. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Extraordinary Re and OnRe are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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