Insurance run-off specialst PRO Insurance Solutions Limited has formed a new U.S. affiliate, PRO Insurance Solutions, Inc., or PRO US.
The company is a member of the Swiss Re Group and a subsidiary of Swiss Re America Holding Corp.
PRO US will operate out of New York and Boston offering run-off and discontinued management, technical audit, commutation, asset recovery and reinsurance debt purchase services.
Kathy Barker joins PRO as president. Formerly with The Hartford, she has experience in acceleration of closures via commutation, development of collection strategies to resolve disputes and
accelerate retrocession recoveries, including management of insolvent reinsurance recoveries.
Steve Ryland, executive director of PRO, said the expansion is supported by the level of new activity as well as increases in the number of U.S.-based clients and international clients with considerable U.S. exposures.
Source: PRO Insurance Solutions, Inc.