Utilized Underwriters has spun off its United Danger subsidiary as an impartial and stand-alone working firm.
United Danger will stay affiliated with Utilized and its associated entities.
Since its inception in November 2023, United Danger has skilled appreciable development, and now gives a world property and casualty (P&C) underwriting platform that features 28 managing basic agent (MGA) and managing basic underwriter (MGU) programmes.
The corporate operates greater than 30 places of work worldwide, with a staff exceeding 250 people in cities corresponding to New York, London and Paris.
Utilized Underwriters president Jamie Sahara: “I see a shiny way forward for potential for United Danger and its management staff who’ve embraced in earnest a spirited confidence to construct out one of the best enterprise doable. On the identical time, United Danger continues to get pleasure from strategic partnerships with the opposite Utilized associates, which have confirmed, deep assets giving United Danger a bonus over its direct rivals because it develops by itself in tough areas corresponding to cybersecurity, IT growth, synthetic intelligence and branding.”
United Danger CFO Alex Amezquita said: “Utilized has facilitated and incubated each step of United Danger’s platform for development up so far. Now, there may be a lot new floor to cowl and new vistas to discover as we emerge as an insurance coverage and monetary powerhouse.”
Earlier this month, United Danger appointed Amezquita as its CFO, succeeding Jay Cahill, who will now lead the corporate’s newly established reinsurance division as CEO.
Amezquita tasks embrace overseeing the monetary operations of United Danger’s varied divisions together with insurance coverage, surety, in addition to different specialty areas.
Cahill will lead the event of the brand new multi-line reinsurance MGA.
The division is getting ready for choose placements for the June, July and October 2025 renewals and is on observe to have totally operational places of work in New York, London and Bermuda by 1 January 2026.
United Danger International serves as a world P&C insurance coverage underwriting and distribution platform.
Utilized Underwriters is thought for offering danger companies, insurance coverage and reinsurance options on a world scale, with operations throughout the US, UK, EU and Center East.
