Victor acquires the business of Regional Treaty Services Corporation; enters reinsurance market
Victor, the leading global managing general underwriter (MGU), today announced that it has acquired the business of Regional Treaty Services Corporation (RTSC), a Newport, Rhode Island-based, privately held reinsurance MGU. Terms of the transaction were not disclosed.
Founded in 2003, RTSC underwrites and manages three reinsurance facilities for small to midsize US-based insurers primarily writing personal lines, small agriculture, and main street commercial business. John Pfautz, founder of RTSC, will join Victor, continuing in his current duties and report to Brian Hanuschak, CEO of Victor Insurance Holdings.
“Today marks an important chapter in Victor's 65-year history as we expand our underwriting capabilities into the reinsurance market,” Mr. Hanuschak said. “Victor's focus on small commercial business coupled with our history of underwriting excellence, diversity of products, and long-term capital relationships align well with RTSC's strong underwriting record. We look forward to supporting and growing existing RTSC carrier clients through our advanced technology and innovative approach to matching risk, distribution, and access to capital.”
Mr. Pfautz added: “Joining Victor is the next logical step in RTSC's evolution. Victor understands our long-term value and is committed to supporting future growth opportunities for reinsurers and cedents. I look forward to joining Victor's talented team with its strong track record of success, while expanding RTSC's ability to deliver even greater value to our clients.”
Victor Insurance Holdings is a leading global managing general underwriter with locations in the US, Canada, UK, Netherlands, Italy, and Australia. It handles more than $2.5 billion in premium on behalf of numerous insurance and reinsurance relationships through a large network of more than 20,000 active insurance agents and brokers. With deep, specialized underwriting expertise, Victor provides a wide range of insurance coverage - from specialty property and casualty and professional liability insurance to group and retiree benefits. Victor is committed to building on 60-plus years of experience to develop products that address risk in new and evolving areas. For more information, visit www.victorinsurance.com and follow Victor Insurance Holdings on LinkedIn.
Regional Treaty Services Corporation is a licensed reinsurance producer that serves as managing general underwriter (MGU) for three reinsurance facilities for small to medium sized regional U.S.-based mutual and stock insurance companies. RTSC's client companies primarily write personal lines, small agriculture, and main street commercial business.