Beta Re was founded in Switzerland in 2011 with the original purpose of structuring and placing the reinsurance programs for our largest client. Beta Re now has formal agency agreements with its main clients.
The placement is done directly into the open reinsurance market, via brokers and through Beta Re Agency.
In 2013 Beta Re founded Delta which acts as an intermediary between predominantly UK motor coverholders and their carriers. Delta's activities were transferred to Beta Re in late 2014.
In the beginning of 2015 a new UK coverholder named LIMA Agency was formed. Beta Re manages Lima in close cooperation with our partners in the UK.
In spring 2015 Beta Group established Beta Aviation and took over Sirius' portfolio of direct general aviation business. Beta Aviation is now a coverholder based in Copenhagen writing general aviation.