United Danger, a subsidiary of Utilized Underwriters, introduced it has shaped a multi-line reinsurance managing normal agent.
Jay Cahill, beforehand United Danger’s chief monetary officer, has been named chief govt officer of the brand new MGA. He might be succeeded as CFO by Alex Amezquita, the previous CFO of Herbalife.
The MGA might be underwriting choose placements in property/casualty, cyber, and credit score threat for the mid-year renewals and could have opened totally operational places of work in New York, London and Bermuda in time for the January 2026 renewals.
Previous to becoming a member of United Danger as CFO in Could 2024, Cahill served as managing director, Awbury, from 2021 to 2024, accountable for ceded reinsurance and third-party capital, specialty, skilled traces, property retro underwriting and new enterprise growth. Previous to that he was international head of credit score and monetary traces at RenaissanceRe.
“Because the reinsurance market hardens, like our persevering with and profitable E&S technique, when it is smart, we are going to give attention to providing reinsurance somewhat than insurance coverage. It is a plan that Jay Cahill is uniquely certified to execute,” commented Jamie Sahara, president, Utilized Underwriters in a press release.
“The arduous reinsurance market poses challenges along with nice alternatives for these with the best sources and a employees with ease and facility in deploying them. This would be the benefit our rising of the United Danger crew will ship,” Cahill mentioned.
Amezquita joins United Danger as CFO after having served as CFO of Herbalife. Additionally throughout his profession, he was senior vp on the international funding financial institution Moelis & Firm and a principal at Centerview Companions, a boutique funding financial institution.
United Danger was launched by Applied Underwriters in November 2023 to deliver collectively the corporate’s MGA and MGU companies below a single model.
About United Danger World and Utilized Underwriters
New York Metropolis-based United Danger World is a global property/casualty insurance coverage underwriting and distribution platform independently owned and operated by its observe companions and affiliated with Utilized Underwriters operationally. Utilized Underwriters operates broadly all through the US, UK, EU and Center East. Its operational headquarters is situated in Omaha, Nebraska.
Supply: Utilized Underwriters
Matters
Reinsurance
Insurance Wholesale
Fascinated by Insurance coverage Wholesale?
Get automated alerts for this matter.
