Wednesday, February 8, 2023
HomeInsuranceVictor enters reinsurance market with acquisition of Regional Treaty Providers Company

Victor enters reinsurance market with acquisition of Regional Treaty Providers Company


Victor enters reinsurance market with acquisition of Regional Treaty Services Corporation

Victor, a world managing basic underwriter (MGU) has entered the reinsurance market with the acquisition of Regional Treaty Providers Company (RTSC), a privately held reinsurance MGU primarily based in Newport, Rhode Island.

RTSC, based in 2003, is a licensed reinsurance producer that serves as an MGU for 3 reinsurance amenities for small to midsize regional US-based insurers. RTSC’s consumer firms primarily write private strains, small agriculture, and predominant road business enterprise.

Following the acquisition, RTSC founder John Pfautz will proceed in his present duties and report back to Brian Hanuschak, CEO of Victor Insurance coverage Holdings.

“Becoming a member of Victor is the following logical step in RTSC’s evolution,” stated Pfautz. “Victor understands our long-term worth and is dedicated to supporting future progress alternatives for reinsurers and cedents. I stay up for becoming a member of Victor’s gifted workforce with its sturdy monitor report of success, whereas increasing RTSC’s potential to ship even larger worth to our purchasers.”

Hanuschak commented: “Immediately marks an necessary chapter in Victor’s 65-year historical past as we increase our underwriting capabilities into the reinsurance market. Victor’s concentrate on small business enterprise coupled with our historical past of underwriting excellence, range of merchandise, and long-term capital relationships align properly with RTSC’s sturdy underwriting report.

“We stay up for supporting and rising current RTSC service purchasers by means of our superior expertise and modern method to matching threat, distribution, and entry to capital.”

Victor is a world MGU with places within the US, Canada, UK, Netherlands, Italy, and Australia. It handles greater than $2.5 billion in premium on behalf of quite a few insurance coverage and reinsurance relationships by means of a big community of greater than 20,000 energetic insurance coverage brokers and brokers.

 

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