New venture targeting marine, energy, aerospace launched on Bermuda

The former chief underwriting officer of Ariel Re and chief underwriting of specialist reinsurance at ILS Capital Management has launched a new venture on Bermuda planning and structuring marine, energy and aerospace reinsurance or retrocession programmes.

Brian Gulbransen has launched the new venture, called Alize, in partnership with Artex Risk Solutions (Bermuda), which gives it access to capacity via a structured facility to provide A-rated capacity for proportional and non-proportional reinsurance and retrocessional products.

The company said it will work with brokers and intermediaries to advise on the planning and structuring of programmes.

Gulbransen, managing director of Alize, was most recently a partner at broker Capsicum Re. He will be partnered by Tim Starr, who has been appointed as an actuarial data scientist.

Gulbransen said: “The launch of Alize signifies a shift in the way the Bermudian market will price and structure risk. I am looking forward to working on diverse and interesting reinsurance and retrocession products that will add real value to our customers to help them manage their portfolios of specialty risks.”