The Challenge
WMK Investment Partners recognized an underappreciated opportunity within the casualty insurance space—specifically in the high-frequency, low-severity segment of risk. These types of exposures, while individually small in scale, collectively offer highly predictable patterns that can produce attractive and repeatable returns when appropriately structured and diversified.
Drawing on deep expertise in reinsurance investment from its history at Cascade Asset Management Company, WMK identified a gap in the market where smaller, niche deals were being overlooked by larger reinsurance firms focused on scale. By leveraging its extensive family office network, WMK began uncovering similar opportunities where capital could be deployed with efficiency and insight.
To capitalize on these insights, WMK sought to build a structure that not only harnessed the return potential of these niche risks but also offered access to a new asset class for its family office partners. The solution required assembling the right underwriting partner, structuring access efficiently, and aligning incentives for long-term success.
The Plan
The strategy began with a core tenet: create a diversified pool of small, casualty-linked insurance deals that would not be subject to the same pricing compression seen in larger reinsurance markets. By focusing on these overlooked transactions, WMK could enter the reinsurance investment space with a defensible, differentiated angle.
To strengthen returns on the insurance float—capital held between premium collection and claims payouts—WMK partnered with a top-tier structured product bond fund manager. This partnership allowed the firm to enhance yield and further diversify risk exposure, creating a more robust overall return profile.
Central to the initiative was the creation of a dedicated reinsurance entity. This vehicle was structured to enable collaboration with three separate family offices, aligning capital and operational expertise under one platform. Additionally, WMK partnered with MultiStrat, a specialized reinsurance underwriter with deep expertise in this niche space. This partnership provided the underwriting rigor, risk modeling, and deal sourcing capacity necessary to confidently scale the strategy.
Together, these elements formed a highly intentional approach to reinsurance investment, rooted in risk mitigation, specialization, and long-term alignment.
The Result
Since its launch, the Rocky Mountain Reinsurance initiative has delivered strong early performance. The strategy produced consistent results by staying focused on its niche—small, repeatable casualty-linked exposures—and by leveraging expertise across structured finance and underwriting.
Through its collaborative structure and specialized partnerships, WMK Investment Partners has opened up a new frontier in reinsurance investment for its family office clients. The model has not only proven itself as a viable alternative investment strategy, but also as a scalable platform for future expansion in an asset class that remains largely underutilized by most private investors.
WMK’s deep industry knowledge, network-driven sourcing, and disciplined execution came together to bring a traditionally institutional opportunity into the hands of private capital—with strong early results and long-term potential.
These are stories of actual clients of WMK Investment Partners. Note there was no compensation paid to clients and these comments and experiences may not be representative of any other person’s experience with the firm.