Polo Insurance Managers (PIM), the independent insurance management arm of PoloWorks, has launched Navigate Re, a new Category 6 Special Purpose Entity focused on delivering insurance-linked investment returns.
The entity, based in Guernsey, received regulatory approval from the Guernsey Financial Services Commission and officially began operations in the first quarter of 2025.
Navigate Re is led by Solomon Garber and Atit Jariwala, and is sponsored by Erithmitic, an asset manager headquartered in New York.
“The launch of Navigate Re represents an exciting step forward in our mission to build a nimble, investor-focused reinsurer,” said Mr Garber.
“Guernsey offers an exceptional foundation for innovation in reinsurance, and we’re proud to be part of that ecosystem.”
The reinsurer is structured to offer investors exposure to insurance risk through a flexible platform that utilizes Guernsey’s regulatory infrastructure.
Mr Jariwala added: “We believe there is strong demand for sophisticated, transparent access to insurance risk. Navigate Re is built to meet that demand, and we’re thrilled to be working with the team at Polo Insurance Managers to make this vision a reality.”
Mark Elliott, CEO of Polo Insurance Managers, commented: “We are delighted to have supported Solomon and Atit on the formation and on-going management of Navigate Re. The combination of their forward thinking approach with our experience and understanding of the insurance and regulatory environment, enabled us to complete this setup efficiently and in a short timeframe.”