Tangram swoops for reinsurance dealer

Tangram Insurance coverage Companies, one of many nation’s largest impartial managing common companies and program managers, has introduced the acquisition of Most well-liked Reinsurance Intermediaries (Most well-liked Re), efficient Dec. 31. Phrases of the transaction weren’t disclosed.

The acquisition of Most well-liked Re, which is predicated in Columbia, S.C., marks Tangram’s enlargement into the reinsurance brokerage area.

Most well-liked Re was based in 1983. The agency is a reinsurance dealer and guide that works with firms of all sizes. It has three primary apply areas: conventional reinsurance placements, specialty insurance coverage program improvement for MGAs and MGUs, and sourcing capability for different threat entities. The agency’s buying and selling companions embody home, Bermudian and European carriers, Tangram stated in a information launch.

Bob Sanders, president of Most well-liked Re, will proceed to guide reinsurance operations for Tangram. Sanders has greater than 50 years of insurance coverage business expertise.

“I used to be uncertain how a change of possession would have an effect on our group after being collectively for over 40 years,” Sanders stated. “However from the start, the Tangram crew appeared like household, and in consequence we acquired many extra introductions and alternatives earlier than we even consummated the deal. We’re excited concerning the subsequent chapter in working alongside this extremely educated {and professional} crew.”

“This is a vital and thrilling acquisition for Tangram,” stated Rekha Skantharaja, president and CEO of Tangram Insurance coverage Companies. “With the addition of the Most well-liked Re crew, we have now vital expertise and credibility within the reinsurance area. Most well-liked Re will help the location of Tangram’s packages and proceed to accomplice with different impartial program directors to construct and place specialty insurance coverage packages.”

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