"Deal Covers Property Facultative, Treaty, and ILW contracts"

Miami, Florida – March 10, 2026: Algorithmic Insurance Services, Inc. trading as
LIRG,™ Latin International Reinsurance Group, has entered a Delegated Underwriting
Authority Agreement with Malaysia’s Mandarin Re Ltd. The agreement grants LIRG’s
platform authority to underwrite and bind the following, each up to $3 million per policy
or contract, all within mutually agreed underwriting guidelines, which includes:

• Facultative property risks
• Property treaty reinsurance
• Industry Loss Warranty structures.

The scope of the binder includes traditional property catastrophe exposures and indexbased and structured ILW transactions designed to meet the retrocessional and
capital-management needs of cedents and reinsurers globally.

The agreement enhances LIRG’s ability to deploy disciplined, data-driven capacity
across its global network, while maintaining strict underwriting controls, reporting
standards, and portfolio oversight.

Mark Groenheide, CEO & President of LIRG™, commented: “We are extremely excited to
formalize this Delegated Underwriting Authority with Mikhail and the entire Mandarin Re
team. Mikhail brings an entrepreneurial mindset and deep expertise in structured and
specialty reinsurance that aligns directly with our approach.”

He continued: “This authority gives our MGU platform meaningful, agile capacity that
significantly strengthens our market position. We look forward to building a long-term,
disciplined portfolio together.”

Mandarin Re COO Mikhail Grishin said: “These are exciting times for Mandarin Re and
for our clients as we close down coverage gaps around the world with innovative
reinsurance structures. LIRG’s international reach is a powerful extension of our ability
to back insurers in Latin America and further afield. Mark’s vision and execution of
innovative possibilities in risk transfer dovetails perfectly with our own. This binding
authority will be invaluable as we leverage our recent capital increase through
strengthened relationships that take us closer to risk.”

LIRG has underwritten multiple ILW contracts for selected partners since December
2025, and continues to enlarge its global offering through carefully structured capacity
partnerships. This agreement reflects LIRG’s continued expansion in property
catastrophe, ILW, and structured reinsurance markets.

Media Contact:

Dr Adrian Leonard, Principal
Strategic Insurance Communications Ltd. [sic]
+44 (0)7977 130 093 (phone and WhatsApp)
[email protected]

About LIRG™

LIRG™ (Latin International Reinsurance Group) is the trade name of Algorithmic
Insurance Services, Inc., a specialty reinsurance brokerage and MGU incubator
platform focused on treaty, facultative, parametric, and index-based (re)insurance
solutions. Headquartered in Miami with an expanding international footprint, LIRG
supports MGUs, captives, reinsurers, and institutional capital partners with innovative
and disciplined risk transfer strategies. lirg.com

About Mandarin Re

Mandarin Re Ltd. is an international reinsurer headquartered in Labuan, Malaysia. It
provides reinsurance solutions across property, specialty, and structured risk
segments, with a focus on agile, partnership-driven capacity deployment in global
markets. mandarinre.com