Michigan’s AF Group, Waypoint Partner on Assumed Reinsurance

Lansing, Mich.-based specialty insurance provider, AF Group, is entering the assumed reinsurance marketplace through a new partnership with Waypoint Underwriting Management.

Waypoint is a proven expert in reinsurance risk underwriting and pricing, AF Group’s announcement said. Waypoint will begin underwriting property, workers’ compensation and casualty treaty reinsurance for and on behalf of AF Group beginning July 1.

The assumed reinsurance product is part of AF Group’s AF Specialty division. AF Specialty provides fronting services and captive solutions to insurance carriers, managing general agents, reinsurance intermediaries, and captive managers seeking a fronting facility to place well managed, turnkey commercial property and casualty programs. They provide eligible partners with multiple entities of fronting paper which allows AF Specialty to write a broad spectrum of coverages on a national platform.

AF Group (Lansing, Mich.) and its subsidiaries are a premier provider of innovative insurance solutions. Insurance policies may be issued by any of the following companies within AF Group: Accident Fund Insurance Company of America, Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company, Third Coast Insurance Company or CompWest Insurance Company.

Source: AF Group

Topics Mergers & Acquisitions Reinsurance Michigan