RenaissanceRe Holdings (RNR) has launched a specialty reinsurance agency, RenaissanceRe Underwriting Managers US, in Connecticut to support the growth of new products and services.
The new agency will provide specialty treaty reinsurance solutions on both a quota share and excess of loss basis, with professional liability, general casualty and other specialty lines of businesses.
RNR senior vice president David Marra will lead the new agency, in addition to his current responsibilities of RNR’s specialty business in Bermuda.
The agency will write business on behalf of RenaissanceRe Specialty US, and RenaissanceRe Syndicate 1458, subject to Lloyd’s approval.
RNR president and CEO Kevin O’Donnell said that RenaissanceRe Underwriting Managers US will allow the company to expand 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," O’Donnell added.