Iris Reinsurance Ltd. is a Bermuda exempted company registered as (i) a Class 3 insurer and (ii) a segregated accounts company. Founded in 2009, Iris Re provides institutional investors with risk-adjusted returns uncorrelated to traditional asset classes by underwriting parametric and index-based insurance and reinsurance, primarily through industry loss warranties (“ILWs”).  ILWs are short-term contracts that are fundamentally uncorrelated with other financial asset classes and present limited counter-party and adverse-selection risk.  Since inception to the end of 2015, Iris Re has produced annualized underwriting returns of over 12%, generating returns from 11% to 14% in each calendar year.