Risk services firm Applied Underwriters has collaborated with PartnerRe on the establishment of an aerospace program, to be handled by the latter’s former Direct and Facultative Space Team.
Led by industry veteran Jon Lewis as Senior Vice President, the new operation will be based in Washington, DC.
Philippe Meyenhofer, CEO Specialty Lines for PartnerRe expressed satisfaction at having found a platform from 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,” Meyenhofer said.
Applied Underwriters’ President Jamie Sahara noted that, by combining the team’s 25 years’-plus experience with the depth of research, analytical and marketing capabilities of Applied Underwriters – as well as PartnerRe’s strong reinsurance capital – the prospects for agents and brokers and their clients seeking aerospace coverages “will be greatly improved and advanced.”
Commenting on the announcement, Lewis added, “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.”
