Aurigen Reinsurance Co., formerly Aurigen Canada Limited, announced today it has received regulatory approval from the Office of the Superintendent of Financial Institutions to commence operations as a life and health reinsurance company in Canada.

“The team at Aurigen has been working diligently to reach this significant milestone. Canadian regulatory approval is the culminating step to launch Aurigen Reinsurance Company and provide the Canadian life insurance market with greater choice for its reinsurance partners,” says Alan Ryder, president & CEO, Aurigen Re and Aurigen Capital Ltd.

Aurigen offers a new source of life reinsurance capacity for the Canadian market. Aurigen says it is building a lean organization of seasoned professionals to deliver creative solutions backed by rigorous analytical methodology.

Aurigen Capital Ltd. was established in 2006 under the laws of Bermuda as an insurance holding company. Aurigen maintains offices in Hamilton, Bermuda, and Toronto.