Knight Re provides quota share or excess of loss reinsurance support to small, profitable programs and companies, with an emphasis on transportation, automotive, and finance risks. Knight is well capitalized and supported, has experienced consistently strong growth, and historically favorable underwriting results.
Knight Insurance Company, Ltd., d/b/a Knight Re was incorporated in the Cayman Islands in 1993 as a group captive, and later developed into an agency captive reinsurer. Knight Re is currently positioned as an open-market reinsurer with a growing book of non-affiliated reinsurance business. Knight Re is actively seeking program and reinsurance opportunities.
Knight’s financial performance objectives are to achieve and maintain underwriting profitability, preserve and grow surplus, and maintain a moderate underwriting leverage, while adequately utilizing its existing excess capital. Knight’s pretax ROE has averaged 4.43% for the last 5 years.
Balance Sheet and Liquidity
Knight has seen significant growth in assets and surplus over the last 5 years, through retained earnings and capital injections. Investments comprise 77% of assets. Knight Re’s investment portfolio has a high ratio of equity investments, which has been tempered in recent years by the acquisition of significant government securities Knight’s management is committed to strengthening its financial position with the goal of maintaining an A-tier rating from AM Best.