PartnerRe Wholesale targets Italy in new partnership
PartnerRe Wholesale, the specialist SME division of global reinsurer PartnerRe, has entered into a strategic partnership with Italian underwriting agency Marintec to provide capacity and additional services to facilitate growing Marintec’s Professional Indemnity (PI) portfolio.
Marintec is an underwriting agency that operates as both a Lloyd’s Correspondent and Lloyd’s Coverholder, with a specific focus on marine and liability risks. The business combines underwriting capacity with a team of international specialists overseeing claims handling and management.
The announcement is part of PartnerRe’s continued expansion into the SME sector, as the company’s wholesale division has recently entered into a number of new geographical markets. Since launching two years ago, PartnerRe Wholesale has grown its business and now has a substantial portfolio of specialist partners, managing general agents (MGAs), insurers or brokers, across a number of regions.
Marc van der Veer, General Manager of PartnerRe Wholesale added: “Our role is to support our regional distribution partners and help them grow their business. We are delighted to partner with Marintec who have a considerable local network and are experts in this sector. As the first fully compliant PI product on the market, the potential for growth across the business is exciting, and we are looking forward to playing a role in the Marintec’s growth.”