Maiden Re subsidiary launches equipment breakdown offering

Maiden Reinsurance North America, a wholly-owned subsidiary of Bermuda holding company Maiden Holdings, has launched a new equipment breakdown reinsurance offering.

Maiden Re has developed a turnkey reinsurance solution that offers customised client service with respect to reinsurance solutions, engineering services and product flexibility to meet clients’ needs and risk appetite.

Maiden Re will provide equipment breakdown reinsurance for commercial and personal writers, offering flexibility in reinsurance structure. The product offering will be led by Cass Kuhlke, vice president.

Kuhlke has more than 30 years of industry experience in commercial property insurance, focused primarily on equipment breakdown insurance. Before joining Maiden Re, Kuhlke was with Zurich Insurance Company where he was the US head of equipment breakdown insurance. Kuhlke has also held the positions of lead property underwriter and regional manager at Zurich, regional manager at The Home Insurance Company and account executive at Hartford Steam Boiler.

The product line expansion will enable Maiden Re to provide broader support to new and existing clients by offering reinsurance for equipment breakdown exposures, according to the firm.

Tom Highet, president of Maiden Reinsurance North America, said: “We are delighted to have someone of Cass’s calibre and deep industry experience join Maiden Re, where he will be joining an already highly experienced group. His specific area of expertise and background is an excellent fit.

“We are constantly evaluating the needs of our clients’ and the market generally, and have seen a real opportunity to provide tremendous value through the offering of Equipment Breakdown reinsurance. We look forward to working with Cass and making him available to our clients.”