Walkers Acts for Our Kettle Inc. in licensing of Kettle Re Ltd. Collateralised Insurer

Walkers is pleased to have acted as Bermuda counsel to Our Kettle, Inc. ("Kettle") on the formation and registration of collateralized reinsurer, Kettle Re Ltd. ("Kettle Re"). Kettle Re will focus on California wildfire reinsurance and its aim is to be the world's most technologically advanced reinsurer.

Kettle Re is committed to protecting the world against extreme natural catastrophes associated with climate risk and uses advanced quantitative analytical tools to address reinsurance of volatile risks, presently unmet by the traditional insurance market. Kettle Re's proprietary technology is part of a digital renaissance in re/insurance and is paving the way towards Bermuda establishing itself as the 'Silicon Valley of the Mid-Atlantic' - at the intersection of the technology and risk-transfer industries.

Peter Dunlop, Partner and Co-Lead of the Re/insurance and ILS group at Walkers Bermuda, commented, 'It has been a thrill and a great privilege to work with Kettle these past years. They are bringing cutting edge analytics to a risk area only deteriorating as a result of continued climate change. Kettle's use of Bermuda's hybrid collateralized insurer class is exciting and provides added flexibility and risk capacity. It is a testament to the reputation of the BMA and the Bermuda market that Kettle is choosing Bermuda."

The Walkers Bermuda Team was led by Peter Dunlop and Senior Associate, Melanie Fullerton.

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