About KLR

Kuvare Life Re Ltd. ("KLR") is a Bermuda domiciled Class E reinsurer looking to partner with insurers to provide differentiated reinsurance services and solutions to insurers both in the U.S. marketplace and beyond.

Founded in 2016, KLR has a proven track record of execution, having closed six separate reinsurance transactions with high quality counterparties, representing between $5-6 billion of assets.


in third-party reinsurance reserves


Principal strengths of KLR among offshore annuity reinsurers:

  • A strategically important part of the Kuvare Group, an insurance group founded by insurance professionals
  • A proven track record of sensible, profitable growth partnering with highly rated insurance companies, emphasizing strategic partnerships; KLR's reserves are entirely sourced from highly rated third parties
  • A traditional investment approach, led by investment professionals at Kuvare Asset Management with long insurance track records, independent of alternative capital
  • Supported by long-term, permanent capital backing us as equity, while punching above our weight with respect to capital markets access

Dhiren Jhaveri

Kuvare Founder, CEO

Before founding Kuvare, Mr. Jhaveri was a member of the executive committee of Sammons Financial Group, where he led corporate development and investment risk. Sammons Financial Group (SFG) is the holding company for Midland National Life Insurance Company and North American Company for Life and Health (NACOLAH). Previously, he worked at McKinsey & Co. and Barclays. Dhiren is actively involved on various committees for the American Council of Life Insurers (ACLI) and is a designee of the LIMRA Life Insurance Fellows (LLIF).

Kevin Hovi

President & Chief Financial Officer

Kevin is responsible for the operations, including finance, investments and risk, of Kuvare Life Re Ltd., our Bermuda-based reinsurance arm. Most recently, he was with Longitude RE Limited as Chief Financial Officer. Previously, Kevin was with XL Catlin in progressively senior investment roles, most recently as Senior Vice-President, Senior Portfolio Manager responsible for rate & curve positioning and government allocations. Kevin also previously worked for Marsh in Bermuda and Deloitte in Canada. Kevin attended the University of Waterloo, earning a Honours BA in Accountancy Studies, and is qualified as a Chartered Professional Accountant / Chartered Accountant (Ontario, Bermuda) and as a Chartered Financial Analyst (Bermuda).

Michael Frings

Chief Actuary

Michael is responsible for the financial reporting functions including actuarial and finance at Kuvare Life Re Ltd. Most recently, he was with RGA Reinsurance Company as Senior Vice President, North America Pricing in the Global Financial Solutions division. He has over 30 years of experience in the valuation and pricing of life, annuity, and health insurance and reinsurance. Michael attended the University of Alabama, earning a Bachelor of Science degree in Chemistry. He is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and is a CFA charterholder.

Jeremiah Murphy

Chief Risk Officer

Jerry is responsible for the risk function of Kuvare Life Re Ltd. Most recently, he was with Hannover Life Reassurance Company of America Bermuda as Vice President, Senior Risk Manager and has over 17 years of experience in the life reinsurance industry. Jerry attended the University College Cork, Ireland, earning a Masters in Mathematics and Bachelors, is a Fellow of the Institute of Actuaries and a Certified Enterprise Risk Analyst.

Nana Dua-Agyeman

Vice-President and Financial Controller

Nana is responsible for the accounting, finance, treasury and compliance functions of Kuvare Life Re Ltd. Most recently, he was with Hiscox Bermuda as a Financial Accountant. Previously, Nana was with Beechwood Bermuda International Ltd. as the Finance Manager. Nana also previously worked for KPMG in Bermuda in progressive roles within the assurance and advisory practices, where he served insurance industry clients across various sectors, including life insurance. Nana attended the University of Cape Town, earning a Bachelor of Business Science - Finance Honours, and is qualified as a Chartered Accountant (South Africa) and Chartered Professional Accountant (Canada, Bermuda).

Jin Sun

Vice-President & Actuarial Manager

Jin is responsible for all actuarial functions supporting the reinsurance operations of our Bermuda entity, Kuvare Life Re Ltd. She has a wide breadth of actuarial experience spanning capital management, ALM, pricing, valuation, modeling, and reporting across various life and annuity products. Jin joined Kuvare from the Deloitte Bermuda actuarial consulting practice and previously held different positions at Manulife/John Hancock. She also has two years of Canadian pension experience. Jin is a Fellow of the Society of Actuaries and holds a BS in Actuarial Mathematics and Finance from Concordia University.

Nicholas Li

Vice-President – Reinsurance and International Markets

Nick is responsible for Kuvare's continued reinsurance growth and expansion beyond it's core U.S. market. Most recently, he was with Athene as Director of Corporate Development both leading and supporting several reinsurance transactions. Prior to Athene, he served in various actuarial capacities in a number of geographical locations including Canada, Japan and the U.S. Nick attended University of Toronto, earning an Honours Bachelor of Science in Actuarial Science. He is qualified as a Fellow of the Society of Actuaries, Member of the American Academy of Actuaries and Associate – Canadian Institute of Actuaries.

Emily Lorentzen

Head of US Institutional Markets

Emily leads the US institutional markets business for Kuvare, focusing on providing innovative reinsurance solutions to companies. She has over 15 years of experience in actuarial modeling, financial reporting, and project leadership. Most recently, she was with KPMG as a manager in Advisory services assisting insurance clients with large scale transformations, risk management, and providing actuarial audit support. Previously, Emily worked at Aviva USA in various positions of increasing responsibilities. Emily is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and a graduate of Drake University.

February 27, 2023

Kuvare Expands Internationally with Three New Reinsurance Transactions

Kuvare Holdings (“Kuvare”) is pleased to announce the closing of three additional strategic reinsurance transactions over the past two quarters. These deals bring Kuvare’s total completed reinsurance transactions to ten, and Kuvare now faces seven different highly rated counterparties.

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January 13, 2023

New long-term reinsurer Kindley Re set for take-off

A US-based holding company has announced the formation of Kindley Re Ltd, an independent, Bermudian-based Class E-licensed life and annuity reinsurer.

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January 12, 2023

Kuvare Announces Formation of New Bermuda Reinsurer

Kuvare Holdings (“Kuvare”) today announced the formation of Kindley Re Ltd. (“Kindley Re”), a newly formed Bermuda-domiciled reinsurer, will co-invest at least $400 million with Kuvare in qualifying life insurance and annuity transactions. Kindley Re was formed in partnership with Davidson Kempner Capital Management LP (“Davidson Kempner”) and Kuvare and its affiliates.

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December 11, 2019

Today's investment challenges in Bermuda's insurance sector

Insurance Asset Risk

Niched in the middle of the North Atlantic ocean, Bermuda is not immune to the low rates storm. In part one of this Insurance Asset Risk / Aviva Investors roundtable Re/insurers discuss their approach to cautious portfolios.

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Contact info

Please email for Investor Relations, for Open Positions or for Press Inquiries. For all other inquiries about KLR call +1 441-279-0606 or email [email protected]

Kuvare Life Re Ltd.

Dorchester House
7 Church Street
Hamilton HM11

+1 441-543-9780
[email protected]

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