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Applied Underwriters, Joined by Former PartnerRe Team, Launch Aerospace Program to Advance Fresh Market Opportunities in Growing Sector
Applied Underwriters Aerospace benefits from PartnerRe's established program, experienced insurance staff, and Applied's 'A' rated North American Casualty Company as the issuing carrier. Philippe Meyenhofer, CEO Specialty Lines for PartnerRe said: "We are pleased to have found a strong platform on which the D&F Space Team can continue to operate and grow. PartnerRe remains fully committed to supporting Applied's business by way of providing treaty reinsurance and will explore future opportunities on a go-forward basis."
According to Jamie Sahara , President of Applied Underwriters, Applied Underwriters Aerospace will create an important market presence immediately and offer fresh approaches to the emerging coverages in the sector: "By combining the better than 25 years of experience and knowledge that the newly formed, consolidated team holds in this area, with the depth of research, analytical and marketing capabilities of Applied Underwriters, and with PartnerRe's strong reinsurance capital, the prospects for agents and brokers and their clients seeking aerospace coverages will be greatly improved and advanced."
Mr. Steve Menzies , Chairman of Applied Underwriters observed that the opportunity augurs more than just product offerings: "We are proud to be associated with the professionals from PartnerRe and look forward to engaging and capitalizing on all the new combined resources to write new business and renew current business aggressively."
Jon Lewis , Senior Vice President and Head of Applied Underwriters Aerospace noted: "I am delighted to join Applied Underwriters. The aerospace sector, now in a growth mode, will welcome the consolidated team, its talent and the delivery excellence it implies. While we will continue with our traditional launch and in-orbit policies, as part of Applied Underwriters, we now have new coverage on the drawing board to meet the needs of the expanding aerospace sector. We look forward to our liftoff and to realizing the trajectory we have planned in aerospace."
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