Laplace Alternative Risk Transfer Solutions, a newly established managing general underwriter (MGU) focused on alternative risk transfer (ART), has officially launched its structured insurance programmes for large corporate clients with complex or hard-to-place risks.
Named after French mathematician Pierre-Simon Laplace, whose contributions laid the foundation for modern risk modelling, the company is built on a focus on precision and forward-thinking approaches to risk management.
Laplace concentrates exclusively on ART, designing customised multi-year programmes that integrate self-funding strategies with excess-of-loss coverage. These structures allow clients to retain a portion of premiums within the programme, creating the opportunity for profit when losses remain low.
The programmes are supported by highly rated capacity (A- IX or higher), with coverage limits beginning at $10 million per occurrence and $10 million in aggregate.
Laplace offers both multi-line and mono-line solutions, with coverage spanning Property, General Liability, Auto Liability (buffer), Miscellaneous Professional Liability, D&O, and other specialised lines. Facultative reinsurance is also available for captives and carriers seeking structured solutions.
A member of the MISSION portfolio, Laplace was founded by Richard Zhang, a widely recognized ART expert with more than three decades of global insurance experience, who serves as CEO.
The company’s launch arrives at a pivotal time for the commercial casualty market, which is navigating pressures from social inflation, litigation financing, and emerging exposures including PFAS and social media liability.
“Traditional insurance markets are struggling to keep pace with the scale, complexity, and volatility of today’s commercial risks,” said Zhang.
“Structured solutions offer large companies a more stable, capital-efficient way to manage exposures that the standard market often avoids. As premiums rise and capacity tightens, demand is accelerating for tailored programs that blend risk retention with intelligent risk transfer.”
Joining Zhang is Chief Actuary Edmund Scanlon, bringing over 35 years of actuarial and underwriting expertise. Scanlon oversees risk analytics, modelling, and pricing, ensuring Laplace’s programs are grounded in rigorous actuarial analysis.
Laplace’s launch is fully backed by MISSION, a technology-driven global underwriting company dedicated to supporting expert talent in developing specialised insurance programmes.
“In today’s environment, brokers and insureds must collaborate more strategically than ever. As traditional insurers retreat from certain classes of risk, structured insurance solutions are emerging as an essential tool for large corporates seeking capital-efficient coverage, volatility management, and long-term financial predictability,” added Jim Dwane, CEO of Mission.
“At MISSION, we are proud to work with leaders like Richard Zhang to address market gaps and innovate for the benefit of the market. We welcome Laplace to the MISSION family and look forward to supporting the company as it works to address complex risks.”
“Partnering with an expert of Richard Zhang’s caliber to launch Laplace addresses a critical need in the market for sophisticated, flexible risk solutions. This isn’t just about a new MGU; it’s about embedding a core Alternative Risk Transfer capability that significantly enhances the value proposition across our entire ecosystem.
“With Richard at the helm, we can offer our partners truly bespoke tools to manage volatility and optimise capital in an ever-evolving world of risk, positioning Laplace to become a leader in the ART space,” said Joe Zuk, MISSION board member.
Laplace’s programmes are currently available to US-based clients, with the option to expand into additional regions through mutual agreement. Submissions for quotes are now being accepted.
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