2114 3291 Corinthian Pitch Book Design Revision Digital - Flipbook - Page 2
Proventus Holdings, LP (“Proventus”) is a
Delaware Limited Partnership that provides
the partners with a unique alternative
investment opportunity in the reinsurance
sector. The Proventus program was created
in 2012 and is led by a team with more than
two decades of investment and asset
management experience. Proventus
provides approximately $50 million in
capacity supporting over $200 million in
Gross Written Premium.
Proventus’ partners receive a return of
seven percent (7%) for providing statutory
capital for a family of reinsurance
companies.
The investment platform has been carefully
structured to allow the investor to maintain
control of their funds invested at their
financial institution. The investor
provides a Letter of Credit for a product
that is non-correlated to market conditions
or business risks including interest rate,
credit, inventory or stock market risk.
Our investment approach utilizes a
non-traditional underwriting framework.
That framework relies on program structural
particulars and characteristics in addition to
traditional underwriting of program target
risks and associated pricing.
Corinthian Re seeks out adequate
alignment of interests at each stage in the
transactional chain and participation from
experienced lead reinsurer markets that can
be used as proxy underwriters for expert
vetting of opportunities.
CORINTHIAN RE SPC
CAYMAN ISLANDS
CARIBBEAN INDEMNITY SPC
CAYMAN ISLANDS
01
COASTAL INSURANCE SPC
EOS RE
CAYMAN ISLANDS
BERMUDA
The underwriting guidelines emphasize
the assumption of large books of
shorter-tailed businesses that provide a
more stable and predictable risk profile.
These types of opportunities would typically
be characterized as high frequency and
low severity.
This strategy has a perfect track record of
payments to investors with no call downs
on any Letters of Credit.
At the heart of Proventus Holdings is our
family of reinsurance companies, led
by Corinthian Re. These entities exist
to strategically evaluate opportunistic
participation on quota share treaty
reinsurance programs based in the
United States.
Expected margins on a program are
protected as much as possible via sliding
scale commission structures, which also
serve as a form of risk assumption by
the producers.
Collectively, these risk mitigation and
control measures provide a platform
that limits maximum potential exposure
through stop-loss control mechanisms.
With each additional book of business that
is acquired, these mechanisms give
definable parameters around maximum
potential loss on a single treaty which is
then diversified away across successive
renewals, along with each additional book
of business that is acquired.
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