RenaissanceRe Holdings Ltd., a provider of reinsurance and insurance, has formed RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency, to support the growth of new products and services in the United States specialty market.
Underwriting Managers U.S. will provide specialty treaty reinsurance solutions on both a quota-share and excess-of-loss basis, according to RenaissanceRe, with initial classes of business to include professional liability, general casualty and other specialty lines. David Marra, SVP of RenaissanceRe Holdings Ltd., will lead the initiative in addition to his current role in Bermuda.
The agency will write business on behalf of RenaissanceRe Specialty U.S. Ltd. and RenaissanceRe Syndicate 1458, subject to Lloyd's approval.
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