Wye River Insurance has appointed Katherine Santarelli as president, leading day-to-day operations and providing strategic brokering and consulting services for the newly-formed insurance brokerage. The Baltimore, Md.-based boutique brokerage serves real estate and construction professionals in the multifamily industry.
Santarelli will work closely with Bozzuto Group Vice Chairman Rick Mostyn, who will now concurrently serve as CEO of Wye River Insurance. Mostyn will offer strategic counsel and guidance based on his more than 40 years of experience in apartment development, acquisition, homebuilding, property management and construction.
The startup of Wye River Insurance is a natural evolution for Santarelli, who for 15 years during her time in the insurance industry oversaw the placement of complex controlled insurance programs for The Bozzuto Group and other real estate and construction clients.
Prior to joining Wye River Insurance, Santarelli served as the Real Estate and Construction Practice leader at RCM&D, in which she directed the placement of builders risk programs for multifamily and retail projects.
Source: Wye River Insurance
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