Back in March we announced the addition of five new members — some who were spotlighted over the last two months (Great American, Hannover Re, and RiverStone International). Since that time, we have added another new member, bringing the total to six new members in the first quarter of 2024. Wow! As we all know, relationships in this industry are key and AIRROC’s emphasis on expanding our network is paying dividends.
AIRROC is pleased to welcome and introduce you to three more of the new 2024 members — EMC Re, Augment Risk and Global Re Group. We are delighted to have these companies on board and look forward to working together with ALL of our members to contribute to AIRROC’s mission and support our shared community of legacy professionals.
- EMC Insurance Companies is in the top 60 property/casualty organizations in the United States and is one of the largest in Iowa, based on net written premium. Founded in 1911, EMC began assuming a limited amount of reinsurance in the 1950s before establishing EMC Re in 1981. Business was conducted mostly, but not exclusively, through the reinsurance broker market. The company wrote property, casualty and multiline reinsurance on both an excess of loss and pro rata basis. In September of 2022, EMC’s management made a strategic decision to focus on core direct insurance operations and EMC Re ceased writing business in January 2023. EMC Re is currently in the process of running off its legacy portfolio, supported by a talented and dedicated staff. To learn more about EMC Re, visit www.emcre.com.
- Augment Risk is an innovative risk capital and reinsurance solutions broker, focused on designing and placing bespoke protections for a variety of clients. With a wide range of solutions, Augment Risk creates growth and equity value through tailored transactions to deliver long-term capital and partnerships. Augment Risk’s expertise extends beyond reinsurance, allowing the firm to disrupt the value chain and build creative, value-accretive solutions for individual client needs. For more information, please visit www.augmentrisk.com.
- Peter Matthews founded Global Re Group in 1999 and has built an enviable reputation over the last 24 years of trading in the provision of reinsurance run-off services. Global Re Group service clients ranging from large multi-nationals to smaller independent companies as well as run-off acquirers. Services are tailored to support the challenges faced by Global Re Group clients in managing their run-off and legacy portfolios as proactively and cost efficiently as possible. Global Re Group are successful in recovering monies by collection and/or commutation without recourse to litigation. Global Re Group have excellent contacts globally and continue to develop and expand these business relationships. Global Re Group deal with any legacy business issues including Reinsurance Recoveries / Commutations / Collection Issues / Reinsurer or Cedant Problems / Claims Disputes / Broker Issues / Redundant Reserves / or any Run-Off related matters. Global Re travel extensively for our clients throughout Europe. Asia, the Middle East and beyond. To learn more about Global Re Group, visit www.globalre-group.com.
For a full list of the AIRROC Member Companies please see the AIRROC website at https://www.airroc.org/member-companies.
