Renaissance Re has launched an indirect wholly-owned subsidiary, Underwriting Managers US, to support the growth of new products and services to the United States specialty market.
Underwriting Managers will be based in Connecticut but led by David Marra, senior vice president responsible for specialty business, from his current role in Bermuda.
The agency will provide special treaty reinsurance solutions on both a quota share and excess of loss basis, with initial classes of business to include professional liability, general casualty and other speciality lines.
Kevin O’Donnell, president and CEO of RenaissanceRe, commented: “We are pleased to announce the expansion of our global reinsurance operations to the US, bringing us closer to speciality clients there. RenaissanceRe Underwriting Managers US will allow us to expand our market access to business that does not normally come to the Bermuda or Lloyd’s markets. David and our global specialty team will continue to build our portfolio of diversifying business employing our integrated system, and will remain closely coordinated across our multiple platforms.”