Basking Ridge, NJ – August 1, 2017 – Waypoint Underwriting Management, LLC (“Waypoint”) announced today that they have received all necessary approvals and commenced operations.
Founded by industry veterans Joseph Horan, Jason Denechaud and Matthew Campion, Waypoint is a full-service reinsurance MGU, underwriting and managing facultative and treaty products on behalf of a group of multi-national re/insurance partners.
Waypoint will utilize its market relationships and underwriting expertise to provide customized distribution for its global capacity partners.
“Waypoint is a quoting market whose technical and responsive underwriters employ a consultative approach with our clients,” said Joseph Horan, Managing Partner. “Waypoint’s value proposition is twofold. First, Waypoint provides our capacity partners pointed distribution to profitable business they would not otherwise see or have the in-house expertise to underwrite. Secondly, Waypoint provides a streamlined, full-service platform for proven underwriters and actuaries to concentrate on what they do best and share directly in the profits generated by their skills.”
Waypoint looks to capitalize on disruptive factors created by M&A, particularly the access to top industry talent.
“The opportunity to influence ones’ destiny has made many experienced underwriting, actuarial and claims professionals eager to join a specialty MGU,” said Jason Denechaud, Managing Partner. “Waypoint Management has built and will continue to reinforce a value centered culture of teamwork, transparency, accountability and respect. We recognize the importance that our culture plays in attracting and retaining top talent.” he added.
The initial lines of business to be accepted with immediate effect are Property Treaty and Workers Compensation Treaty and Facultative, underwritten on behalf of a US admitted carrier.