Humboldt Re

HUMBOLDT RE not to underwrite new business as of 1 January 2021. Guernsey, 08 December 2020 The ultimate Shareholder and the Board of Directors of Humboldt Re Ltd., a company domiciled and licensed in Guernsey since 2015, has decided to cease underwriting new business as of 1 January 2021, whilst reviewing strategic options for the ultimate shareholder to unwind its investment. In 2020, Humboldt Re has a YTD gross written premium of USD 109.3 million with total assets of USD 1,021.9 million. The company, which is underpinned by strong risk-adjusted capital, will continue to meet all its obligations in full compliance with the applicable laws and regulations and under the supervision of the Guernsey Financial Services Commission.