ForestRe was created in 2005 as a contact office of a Canadian Insurance Company. This initiative was to fill the gap between demand and supply of insurance capacity resulting from growing investment levels into the forestry sector by institutional investors. For this group tailored forest insurance products are required.

Responding to reactions of the forestry markets, ForestRe established a Line Slip Arrangement to underwrite the world’s only forestry-focused portfolio.

This ground breaking agreement created significant new capacity for the insurance and reinsurance of worldwide forestry, including commercial timber, pulp and paper plantations, timberland investment schemes, industrial tree crops (rubber, oil palm etc) and natural forests.

In 2009 ForestRe is adding to its portfolio, forest carbon delivery insurance with named perils. In this regard ForestRe is working with institutions and project proponents to provide the necessary carbon capacity to complement conventional capacity.