US News: Algorithmic Insurance Services is Working With Mandarin Re Ltd

Some partnership news for you from the US;

Algorithmic Insurance Services, Inc. trading as LIRG,™ Latin International Reinsurance Group, has entered a Delegated Underwriting Authority Agreement with Malaysia’s Mandarin Re Ltd. The agreement grants LIRG’s platform authority to underwrite and bind the following, each up to $3 million per policy or contract, all within mutually agreed underwriting guidelines, which includes:

•Facultative property risks

•Property treaty reinsurance

•Industry Loss Warranty structures.

The scope of the binder includes traditional property catastrophe exposures and index-based and structured ILW transactions designed to meet the retrocessional and capital-management needs of cedents and reinsurers globally.

The agreement enhances LIRG’s ability to deploy disciplined, data-driven capacity across its global network, while maintaining strict underwriting controls, reporting standards, and portfolio oversight.

Mark Groenheide, CEO & President of LIRG™, commented: “We are extremely excited to formalize this Delegated Underwriting Authority with Mikhail and the entire Mandarin Re team. Mikhail brings an entrepreneurial mindset and deep expertise in structured and specialty reinsurance that aligns directly with our approach.”

He continued: “This authority gives our MGU platform meaningful, agile capacity that significantly strengthens our market position. We look forward to building a long-term, disciplined portfolio together.”

Mandarin Re COO Mikhail Grishin said: “These are exciting times for Mandarin Re and for our clients as we close down coverage gaps around the world with innovative reinsurance structures. LIRG’s international reach is a powerful extension of our ability to back insurers in Latin America and further afield. Mark’s vision and execution of innovative possibilities in risk transfer dovetails perfectly with our own. This binding authority will be invaluable as we leverage our recent capital increase through strengthened relationships that take us closer to risk.”

LIRG has underwritten multiple ILW contracts for selected partners since December 2025, and continues to enlarge its global offering through carefully structured capacity partnerships. This agreement reflects LIRG’s continued expansion in property catastrophe, ILW, and structured reinsurance markets.