ItsMeJon 🌎 @ContraryActuary

Member of the Reinsurance Staff at @re | Weekday Pug / Weekend Insurance Hobbyist Joined February 2025

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ItsMeJon 🌎 @ContraryActuary

2 months ago

Wanted: insurance product that automatically books me on the next available flight plan on any combination of airlines to get to my original destination if my flight is delayed.

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Publishing audited financials is something I take tremendous pride in. And I'm personally involved in every step. It's more than paperwork, it's proof of the financial viability and going concern of what we're building. The momentum is real. The results are real. Now, the credibility is real too.

Re @re

2 months ago

x.com/i/article/2075…

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ItsMeJon 🌎 @ContraryActuary

2 months ago

The company that moves a mountain begins by carrying away small stones.

Re @re

2 months ago

NEW: first whole account treaty closed. Instead of backing risks one program at a time, we took a share of a partner's entire portfolio in a single deal. The result is broad diversification from multiple programs and scale from a single transaction. Across the portfolio, as of

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ItsMeJon 🌎 @ContraryActuary

4 months ago

@CosmicDude3000 @re Commercial Liability, Auto, Workers' Comp, Property, Homeowners, Professional Liability, Specialty ... and we insulate ourselves from catastrophe exposure

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ItsMeJon 🌎 @ContraryActuary

4 months ago

It's less dependent on geography but Hawaii has a more isolated insurance ecosystem. They tend to have on island agents who only do island business. Therefore the insurance companies in Hawaii tend to focus on Hawaii business. We don't (yet) reinsure them. Alaska is extremely remote. Claims in Alaska require deep expertise. Companies don't generally write in Alaska unless they're also very familiar with the local community. As a reinsurer we will explore every opportunity that crosses our desk to partner with profitable insurance companies and teams. We hope to encounter some Hawaiian and Alaskan opportunities soon!

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ItsMeJon 🌎 @ContraryActuary

4 months ago

@0x_carson @re Not excluded. There are typically niche operators in those states, we haven't come across a reinsurance opportunity with them yet.

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ItsMeJon 🌎 @ContraryActuary

6 months ago

why use more word when few word do trick

Om Patel @om_patel5

6 months ago

I taught Claude to talk like a caveman to use 75% less tokens. normal claude: ~180 tokens for a web search task caveman claude: ~45 tokens for the same task "I executed the web search tool" = 8 tokens caveman version: "Tool work" = 2 tokens every single grunt swap saves 6-10

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ItsMeJon 🌎 @ContraryActuary

6 months ago

it's still difficult to wrap my head around how monumental this is can't stop won't stop

Re @re

6 months ago

$100M is currently in transit from our liquid backing to our supporting reinsurance company. Funds are to be routed safely into trust to back diversified insurance business. Dashboards will temporarily show a dip. This will be reflected as off-chain capital shortly. This is a

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Fluid 🌊 @0xfluid

6 months ago

New reUSD vaults are now live on Ethereum. 🌊 @re just found its best home: deep liquidity, best borrowing conditions, and Smart Liquidity architecture working for every depositor.

Fluid 🌊 @0xfluid

6 months ago

re 👀 🌊

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ItsMeJon 🌎 @ContraryActuary

6 months ago

@D2_Finance @0xWismerhill @smykjain @grok Put 5m down. Listen to us talk all day about how we don't write weather or quake unlike our onchain contemporaries. Put another 50m down. Tell your grandchildren about how their grandchildren are set for life.

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ItsMeJon 🌎 @ContraryActuary

6 months ago

@D2_Finance @0xWismerhill @smykjain @grok Yup ymmv and looping is not for everyone. Not all 20%+ APR is created equal.

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ItsMeJon 🌎 @ContraryActuary

6 months ago

Yes the underlying reinsurance carries risk. But it's not transient hype, it's a permanent going concern producing profits. The business operates on 5x leverage. Each dollar of reUSD supports 5 dollars of reinsurance premium. That means the ~650 yield on reUSD is supported by 130 bps of margin on the reinsurance business. Re's reinsurance business produces 12 dollars of margin per 100 dollars of premium. The RWA class tokens all carry some form of asset or operating risk. reUSD is no exception. But reUSD is senior to other capital in the reinsurance company and supports low volatility insurance business. Likelihood of capital impairment models out to be < 1%.

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ItsMeJon 🌎 @ContraryActuary

6 months ago

We primarily write quota share reinsurance (think of it as a pro rata slice of an insurance company's income statement). Notional insured values can be multiples of premium, but since we reinsure the entire insurer and not just their large claims, the appropriate measure is combined ratio because of the law of large numbers. Our combined ratio is 92% on our entire portfolio. This means $8 of profit remains on every $100 of premium after claims and expenses are paid. There is uncertainty in this estimate, but the volatility around this estimate is low. Far lower compared to reinsuring earthquakes and hurricanes. This estimate is also corroborated by our insurance company customers and auditors. These are good questions and we're planning for future disclosures around our estimates and third party views of our book. Stay tuned!

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ItsMeJon 🌎 @ContraryActuary

6 months ago

Creative Director

signüll @signulll

6 months ago

the most underrated hire right now is a great product person. when i say product person i'm def not talking about a product manager. perhaps i think there has to be somewhat of a new role. i don't have a good name for it yet but maybe something like "product thinker".. someone

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ItsMeJon 🌎 @ContraryActuary

7 months ago

Yields fueled by a business that is not impacted by crypto fervor. LARPing as a crypto day trader is fun until it's not, put some @re in your portfolio so you can sleep a little easier at night.

Carson @0x_carson

7 months ago

If you want to actually diversify your portfolio with HIGH stablecoin yields read this post. I have recently got excited about a new protocol to ape into. And it's not for the reasons you might think. @re is a re-insurance RWA protocol. You can read into what re-insurance is

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ItsMeJon 🌎 @ContraryActuary

7 months ago

This is not entirely fair to mutuals. Carrier pigeons are an extremely reliable method for First Notice Of Loss.

Hedge Quote @hedgequote

7 months ago

Bro is describing mutual insurance companies in the US.

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ItsMeJon 🌎 @ContraryActuary

8 months ago

@kenodnb @_SmokinTed @re we work with major fronts and insurers! info is public in US P&C Annual Statement schedule F filings but happy to share in greater detail