Swiss Re and Goldman Sachs join forces to launch new reinsurance platform
Goldman Sachs to provide up to $1 billion in capacity
Swiss Re and Goldman Sachs Asset Management have announced a new strategic partnership to launch a new reinsurance platform. The platform will provide tailored reinsurance solutions to insurance companies and other clients, with Goldman Sachs providing up to $1 billion in capacity.
Platform to focus on specialty and emerging risks
The platform will focus on specialty and emerging risks, including cyber, climate change, and political risk. Swiss Re will provide its underwriting expertise and risk management capabilities, while Goldman Sachs will provide its capital and investment management expertise.
Partnership to leverage Swiss Re's expertise and Goldman Sachs' capital
The partnership will leverage Swiss Re's expertise in risk management and insurance solutions, as well as Goldman Sachs' capital and investment management capabilities. The platform will provide clients with access to a range of reinsurance products and services, including risk transfer, capital management, and advisory services.
Platform to be launched in early 2023
The platform is expected to be launched in early 2023. It will be based in Zurich, Switzerland, and will be led by a team of experienced reinsurance professionals.
Partnership to strengthen Swiss Re's position in the reinsurance market
The partnership is expected to strengthen Swiss Re's position in the reinsurance market. It will also provide Goldman Sachs with access to the growing reinsurance market.
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