International Re (I–RE), the specialist captive insurance and reinsurance managing general underwriter (MGU), is announcing a new strategic capacity partnership with Cimarron Insurance, a niche specialist admitted insurer.
The partnership will underwrite a range of admitted property and casualty lines of business, rolling out over the next 12 months.
Cimarron is a group of insurance and risk management companies at the cutting edge of insurance underwriting for underserved niche markets. Cimarron specializes in providing individual business owners, owner-operators and other small business owners with a wide array of insurance, risk management and risk financing solutions.
“We are excited to launch our partnership with Cimarron, the first of a number of strategic partnerships with insurers that we expect to roll out through 2021,” said Andy Jeckells, co-chief executive of I–RE.
“I–RE’s high-performing mid-market clientele deserve to underwrite their own commercial property and casualty insurance, whilst retaining profits, just as big corporations can, and partnership with Cimarron delivers the high-quality admitted capacity they need to do that,” he added.
“Working together, I–RE and Cimarron are eliminating the barriers that stand in the way of mid-market companies underwriting admitted commercial property and casualty insurance policies in the stand-alone and independent cell captives they own,” commented Cimarron CEO Paul Halter.
About International Re
International Re (I–RE) is a London-based, alternative risk transfer insurance and reinsurance MGU and Bermuda-based reinsurance company. It is a captive specialist and Lloyd’s coverholder, with “A”-rated capacity.
About Cimarron Insurance Co.
Cimarron is a group of insurance and risk management companies, including Cimarron Insurance Co., a Charlotte, N.C.-based property/casualty insurance company. It provides business owners with a wide array of specialized insurance, risk management and risk financing solutions across a broad spectrum of business classes and insurance products.
Source: International Re
Topics Mergers & Acquisitions Carriers Reinsurance Insurance Wholesale
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