ForestRe was created in 2005 due to the perceived gap between the growing demand and investment levels into the forestry sectors and the absent provision of tailored forest insurance. ForestRe was initially designed as a contact office of a Canadian Insurance Company.

Responding to reactions of the markets ForestRe established new capacity with new investors and Lloyd’s rated paper in 2008 under a line slip arrangement to underwrite the world’s only forestry-focused portfolio. With immediate effect, this ground breaking agreement creates 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.