Montpelier Re expands US risks at Lloyd’s

US

Bermuda based Montpelier Re continues to extend the volume and the types of US based business written by its Lloyd’s based operations. As with the two Montpelier US business divisions, Brokered Property Facultative and Property Treaty, which the group launched in August, the business produced by the newest division, Direct Property Facultative (DPF), will be sourced under the auspicious Montpelier Underwriting Incorporated (MUI) and written in the Lloyd’s market by Montpelier syndicate 5151. Initially, the DPF division will operate from an office in Kansas City. Stan Kott, chief executive of MUI, said that the new division will underwrite largely non-catastrophe property business, characterized by large limits and low frequency, produced directly from US insurers. The division will be headed up by Doug Johnson while Doug Duddleston will serve as vice president and senior underwriter. Both men were previously employed by Catlin Underwriting and based in Kansas City.