November 2015: The Alpha Re group forms Alpha Re (U.S.) Inc., an insurance company organized under the captive insurance laws of the state of Vermont. Established as a protected cell company, Alpha Re (U.S.) will add further capabilities to the group.

February 2013: Alpha Re closes its first long term care transaction, assuming a closed block of active life reserves protected by existing morbidity reinsurance. The transaction improves the statutory surplus and risk-based capital levels of the ceding insurer.

July 2012: Alpha Re Holdings (Cayman) Ltd. raises $22 million in a private debt offering. The proceeds of the offering will allow the company to support additional reinsurance transactions.

June 2012: Alpha Re closes its largest reinsurance transaction to date, assuming a block of pre-need life insurance previously reinsured by a Bermuda reinsurer. This novation transaction allows the Bermuda company to release significant capital to its parent.

April 2011: Alpha Re Limited closes first reinsurance transactions, assuming two blocks of disability claim reserves from subsidiaries of a major Blue Cross Blue Shield organization. The transaction allows the ceding insurers to improve their statutory surplus position and, in conjunction with a transfer of claim servicing to a leading third-party administrator, removes the mortality, morbidity, and expense risks from the balance sheet.

April 2011: Alpha Re Limited is pleased to announce that the Cayman Islands Monetary Authority has approved the issuance of an Unrestricted Class B Insurer’s License to Alpha Re Limited, pursuant to the Insurance Law (2008 Revision).

February 2011: Alpha Re Limited is incorporated in the Cayman Islands under the Companies Law.

We’ll have many more fantastic web app giveaways coming up, likely to be from the most requested apps from this week’s giveaway