Waypoint Underwriting Management, LLC is pleased to announce that effective September 1, 2022, we are writing Property, Casualty and Workers Compensation reinsurance for WCF Insurance headquartered in Salt Lake City, Utah. WCF is “A” rated by AM Best with a financial rating size of XII ($1 billion to $1.25 billion).
“We have known WCF for years and could not be more pleased to partner with them,” said Joe Horan, Managing Partner, Waypoint. “They are a high-quality organization with strong financials that clearly sees the opportunity for diversification through reinsurance. Current market dislocation has provided a wonderful opportunity to access Waypoint distribution, actuarial and underwriting expertise to build a profitable book across Property, Casualty and Workers Compensation.”
“Adding WCF to our family of carrier partners allows Waypoint to offer brokers and cedents immediate diversification of risk with meaningful combined lines,” said Jason Denechaud, Managing Partner, Waypoint. “Waypoint presents a unique proposition as a quoting market for quota share, per risk and catastrophe coverages across Property, Casualty, and Workers Compensation. This breadth of expertise allows Waypoint to balance reinsurance portfolios to optimize returns for our capacity partners.”
“WCF is thrilled to partner with Waypoint in providing capacity and risk management for their valued partners,” said Matthew Lyon, President, and CEO, WCF Insurance. “We greatly appreciate the talent and expertise of the Waypoint team and look forward to participating in this opportunity.”
About WCF Insurance
WCF Insurance is an innovative commercial insurance provider with nationally offered products and services. Founded in 1917 in Salt Lake City, Utah, the company is committed to providing excellent customer service and high-touch claims management, building strong business partnerships, and keeping workers safe. WCF Insurance is “A” rated (Excellent) by AM Best. WCF Insurance is the common brand mark and brand name for WCF Mutual Insurance Company, WCF National Insurance Company, and WCF Select Insurance Company.
In 2021 WCF Insurance had a surplus of $1.15B
Waypoint Underwriting Management, LLC is a specialty reinsurance platform operating primarily in the United States. The value of our firm lies with an executive team that has started, owned, and run multiple reinsurance platforms over the last 25 years.
Waypoint is led by Principals who have strong, active, and loyal relationships with reinsurance intermediaries and ceding company management. We succeed in the market by employing these guiding principles:
- A value centered culture of Teamwork, Transparency, Accountability and Respect
- Technical underwriting
- Empowered and responsive underwriters
- Unified effort to grow relationships with cedents across multiple lines
- Client focused