August 20, 2025 – Gambit Risk Finance LLC (“Gambit Re”) has officially launched as a reinsurance platform designed to provide strategic risk capital and accelerate innovation across the specialty reinsurance market.
Initially created to align underwriting expertise with disciplined capital deployment, Gambit Re has evolved into a platform that enables broader market participation through strategic partnerships. The company is built on the principles of transparency, alignment of interests, and sustainable performance—offering capacity and support for both established programs and new market entrants. Operating on a fully collateralized basis, Gambit Re aims to partner with disciplined underwriters with a proven track record of profitability to provide reinsurance support.
Why this matters:
- Expanded expertise –Gambit has the knowledge and experience to not only understand clients’ challenges but can also be constructive in offering solutions to those challenges. Understanding clients’ needs while responding rapidly with creative solutions is what sets Gambit apart.
- Innovative offerings –Supporting MGUs and carriers who are delivering products that address complex and evolving risks. Gambit can entertain both individual opportunities as well as portfolios of business and is open to providing alternative reinsurance structures that meet the needs of each client.
“Control of capital to deliver best-in-class products and returns, grounded in access to high-performing risk portfolios, is an important lever for success,” said Tom Ruggieri, CEO. “Gambit looks to expand its footprint on the convergence between reinsurance and capital markets that has transformed property insurance and is now reshaping casualty.”
Landon Parnell, Executive Partner, added: “Gambit Re will allow both our program and carrier partners to expand with speed, fulfill capacity needs, and fill gaps from the broader reinsurance market. Transparency and the ability to execute on opportunities timely are powerful steps toward building a sustainable, high-performing specialty reinsurance platform.”
Gambit Re represents a new chapter in specialty reinsurance—driving growth, innovation, and alignment between underwriting and capital for a stronger, more responsive market.