NoRe.
Northern Re offers institutional investors access to property and casualty risk through data-driven, collateralized reinsurance portfolios.
Secondary Market Price
How NoRe. Measures Up
To help you manage your NoRe. equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series A
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
Secondary Market Price Chart
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Prospect Projected Future NoRe. Prices
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Company Description
Northern Re is a reinsurance company, founded in 2022, that provides institutional investors with access to data-driven portfolios of property and casualty risk. The company focuses on deploying third-party capital into high-frequency, low-severity risks through collateralized reinsurance and Casualty Insurance-Linked Securities (ILS) solutions. It uses proprietary risk modeling and analytics to structure customized portfolios for investors. Active in the US, UK, and EU markets, Northern Re is wholly owned by NoRe Holdings, which has an office in New York City, and operates Northern Reinsurance SPC, Ltd., a captive reinsurer domiciled in the Cayman Islands.
The company plans to use a recent capital raise to accelerate its growth in the Casualty ILS market and expand its presence in the UK and EU. Eight months ago, Northern Re announced it had closed an additional $100 million in capital from new and existing institutional investors, bringing its total capitalization to $175 million. This funding is being used to strengthen its surplus and collateral positions. Company leadership has also been active at industry events; co-founder Anthony McKelvy was recently interviewed by ReInsurance Business and Artemis, while Chief Commercial Officer Amin Touahri delivered a presentation at a Casualty Actuarial Society event on how emerging reinsurers can compete in the current market.
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is NoRe. worth joining?
Evaluating a private company like NoRe. requires analyzing its growth potential and the value of its equity compensation. Tools like Prospect can help you model your potential earnings and make an informed career decision.
What should I do with my NoRe. stock?
Deciding what to do with your NoRe. stock involves complex tax and financial planning to maximize its value. Platforms like Prospect provide personalized strategies for exercising options and selling shares to help you get the most from your equity.
Can you sell NoRe. stock?
As a private company, NoRe. stock is not publicly traded, but you may be able to sell shares through secondary markets or during a company-organized tender offer. Tools like Prospect's tender offer tools can help you navigate these opportunities and decide how much to sell.
How can I find the value of my NoRe. stock?
The value of private stock like NoRe.'s is not public, but can be estimated using company valuations and secondary market data. You can use a platform like Prospect, which uses predictive models to forecast your shares' future value and help you understand your net equity.
What is NoRe.'s equity worth?
A private company's total equity value is typically determined by its latest funding round valuation, known as its post-money valuation. To understand what your specific stake is worth, platforms like Prospect can model your holdings against the company's projected outcomes.
What is NoRe.'s stock ticker symbol?
As a private company, NoRe. is not listed on a public stock exchange and therefore does not have a stock ticker symbol. Ticker symbols are only assigned when a company undergoes an Initial Public Offering (IPO).
Can I buy or sell NoRe. stock?
Buying or selling stock in a private company like NoRe. is typically restricted and occurs through private transactions, secondary markets, or company-approved tender offers. Platforms like Prospect offer tools and strategies to help employees decide when and how to exercise options or sell their shares tax-efficiently.
What is the criteria to buy or invest in NoRe. stock?
Investing in a private company like NoRe. is generally limited to institutional investors, accredited investors, or employees who receive equity as compensation. If you are an employee, you can use tools like Prospect to manage your equity stake like a professional investor.
