Fleming rolls out AI platform to power legacy reinsurance deals

Bermuda-based reinsurer Fleming Insurance Holdings has launched REvolve, an AI-powered platform to assess risk and support the recurring transfer of liabilities in legacy reinsurance deals.

The REvolve platform combines Fleming's existing proprietary PlannedLPT, ReSolveRisk, and RevealAI solutions to provide insights to mitigate risk and deliver value for counterparties.

Each solution performs a different role in the REvolve platform: Planned LPT provides counterparty access to capital, known pricing and structure, eliminating the asymmetry of diversification and information between transaction counterparties; ReSolveRisk supports REvolve from a risk and analytics perspective; while Fleming’s AI platform RevealAI drives value generation using structured, unstructured and third-party data. 

Eric Haller (pictured), CEO of Fleming, said: “As the REvolve name implies, revolving capital solutions are going to drive the evolution of retrospective reinsurance. Fleming has always had a partnership mentality that is focused on continuously improving risk and outcomes for counterparties and stakeholders.

“The launch of our comprehensive platform is a crucial step forward for the industry as it modernises its risk mitigation capabilities.”

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