Folksamerica Reinsurance Co. announced the appointment of H. Clay Bassett, Jr. as the company’s chief underwriting officer. He will have responsibility for Folksamerica’s underwriting and marketing divisions and is located in the company’s New York City headquarters.
“Clay is an important addition to Folksamerica’s management team,” remarked Edward Stanco, Folksamerica’s president and CEO. “Clay brings over 18 years of insurance and reinsurance industry experience to this position, which will serve us well as he guides our efforts to continue our achievement of positive underwriting results.”
Folksamerica, a multi-line broker market reinsurer, is a wholly-owned subsidiary of White Mountains Re Group Ltd.
Topics Underwriting
Was this article valuable?
Here are more articles you may enjoy.
Trump Scraps Ocean Sensors Providing Crucial Data on Climate, Flooding 
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget 
MMA Alleges Broker Patriot Poached 11 Surety Team Members 
D&O Market Expected to Tighten Under Pressure, Says AM Best 
