When was Somerset Re founded?

Somerset Re was founded in 2014 and raised its 1st funding round within a year of its incorporation.

Where is Somerset Re located?

Somerset Re is headquartered in Bermuda.

Is Somerset Re a funded company?

Somerset Re is a funded company, having raised a total of $307M across 2 funding rounds to date. The company's 1st funding round was a $***** Series C round, raised on Dec 17, 2014.

When was the latest funding round of Somerset Re?

Somerset Re's latest funding was a $***** Series D round on Oct 19, 2016, with participation from 1 investor. Its primary sector is Insurance Carriers. In Bermuda, the Insurance Carriers sector has seen $1.9B in funding in 2026 to date.

Where does Somerset Re rank among its competitors?

Somerset Re ranks 2nd amongst 5 active competitors, none of which are funded.

Who are the top competitors of Somerset Re?

Somerset Re's top competitors include Sirius, XL Group and UnipolRe. Among them, Sirius secured the most recent funding round in November, 2018.

Somerset Re - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of reinsurance for life insurance and annuity product portfolios. This business manages asset-intensive risks through structured financial arrangements. It offers capacity for new business, flow reinsurance, and legacy block transfers to assist insurance entities in managing capital and regulatory requirements. The firm focuses on the transfer of risk associated with long-term financial obligations.

Website: somersetre.com
Email ID: *****@somersetre.com
Phone Number: +44 **********

Key Metrics

Founded Year

2014

Location

Bermuda

Stage

Acquired

Total Funding

$307M in 2 rounds

Latest Funding Round

Series D, Oct 19, 2016, $*****

Investors

Hannover Re & 2 more

Ranked

2^nd among 5 active competitors

Similar Companies

Resolution Life Group & 218 more

Exit Details

Acquired by Aquarian Holdings (Jun 07, 2022)

View Somerset Re's full profile

Somerset Re got acquired by Aquarian Holdings on Jun 07, 2022.

Click here to take a look at Somerset Re's acquisition in detail

Somerset Re has raised a total funding of $307M over 2 rounds. Its first funding round was on Dec 17, 2014. Its latest funding round was a Series D round on Oct 19, 2016 for $*****. 1 investor participated in its latest round. Somerset Re has 3 institutional investors.

Here is the list of recent funding rounds of Somerset Re:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 19, 2016	7833223	Series D	7503007	9394552	9904618	8799306
Dec 17, 2014	3065158	Series C	4475795	3353068	2489432	5863391

Access funding benchmarks and valuations. Sign up today!

View details of Somerset Re's funding rounds and investors

The founders of Somerset Re are Brian Holland and Robert Joseph Reale.

Here are the details of Somerset Re's key team members:

Brian Holland: Co-Founder & CMO of Somerset Re.
Robert Joseph Reale: Co-Founder of Somerset Re.

View details of Somerset Re's Founder profiles and Board Members

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Somerset Re include Sirius, XL Group and UnipolRe. Here is the list of Top 10 competitors of Somerset Re, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Sirius 1945, Stockholm (Sweden), Public	Insurance company	$226M	Third Point Reinsurance, The Carlyle Group ... & 3 others	56/100
2nd	Somerset Re 2014, Bermuda, Acquired	Provider of reinsurance for life insurance and annuity product portfolios	$307M	Atlas Merchant Capital, Hannover Re & 1 others	55/100
3rd	XL Group 1986, Bermuda, Acquired	Insurance and reinsurance company	-	-	35/100
4th	UnipolRe 2014, Dublin (Ireland), Unfunded	Reinsurance company	-	-	26/100
5th	Catalina Insurance Ireland 2012, Dublin (Ireland), Acquired	Provider of reinsurance services	-	-	22/100