Brace Underwriting declares US enlargement

Brace Underwriting Restricted, a multi-line and different danger specialist underwriter backed by Beat Capital Companions, has introduced the launch of Brace USA.

Headquartered in North Carolina, Brace USA will mirror its London counterpart and focus solely on binder enterprise, excluding pure disaster, cyber, and long-tail legal responsibility. Glenn Dorr (pictured above) will take the helm as president and head of selling, North America, reporting to group CEO Adam Holberry.

Dorr has over three many years of trade expertise. His background consists of senior distribution roles at Hiscox, Lloyd’s, and HCC Specialty. He was beforehand the top of distribution at Brace.

“We’re tremendously excited to launch Brace USA and to face shoulder to shoulder with our specialty MGA companions, providing them the energy, vitality and home A-rated capability to permit these entrepreneurs to develop their companies of their chosen fields,” Dorr stated in an emailed information launch.

This enlargement into the US comes as Brace approaches its four-year anniversary. Since its institution in October 2019 by Holberry, the agency has developed a notable presence as a capability supplier for different danger MGAs globally, attaining over $120 million in gross written premiums in 2023.

Holberry additionally commented on the launch, stating that their US enlargement is the “pure subsequent step” for the agency.

“Brace got down to present assist to the area of interest and different danger MGAs so typically underserved by conventional P&C carriers,” he stated. “Following 4 profitable years, it’s the pure subsequent step to increase our footprint additional into the US and companion with companies with multi-class approaches and non-standard publicity, coupled with a compelling distribution benefit. With Glenn on the helm, supported by the broader Brace management crew, I’m assured that Brace USA will rapidly discover success.”

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