Company attributes
Other attributes
Extraordinary Re is a developer of an insurance platform designed to transfer risk from the insurance industry to capital markets investors. The company's insurance platform offers re-insurance services for a wide range of applications such as catastrophe risk, mass tort claims, long-term contracts on commodities, mortality risk and longevity risk. And the platform connects new insurance products to new capital sources, enabling traders, investors and insurance companies to access a new asset class and capital markets for risks with positive alpha and low correlation.
Extraordinary Re suggests their platform could unlock $20 trillion or more of existing liabilities held on insurance company balance sheets, access new sources of reinsurance capacity, create price discovery for liabilities that are difficult to value, and enable institutional investors to access diversifying and attractive sources of return.
The company's platform's technology transforms insurance liabilities into tradeable contracts. These contracts are held on daily auctions where capital market participants are able to participate on a new marketplace.
Extraordinary Re's platform is run by Nasdaq Inc.
