Watford Holdings Ltd is a holding company. The Company, through its subsidiaries, is a global property and casualty (P&C), insurance and reinsurance company. Its four lines of business includes casualty reinsurance, other specialty reinsurance, property catastrophe reinsurance and insurance programs and coinsurance. It has operations across Bermuda, the United States and Europe. Its main operating subsidiary is Watford Re Ltd. (Watford Re), which is focused on writing business. Watford Re also writes mortgage insurance and reinsurance. In the United States, the Company is authorized to write commercial P&C lines of business through its Watford Insurance Company (WIC) and Watford Specialty Insurance Company (WSIC) subsidiaries. In Europe, it writes direct insurance and coinsurance business, primarily in personal P&C lines, through insurers and program managers that develop and distribute specialized insurance products for its WICE subsidiary.