Basking Ridge, NJ —October 22, 2026— Waypoint Underwriting Management, a division of Brown & Brown, today announced the launch of its treaty reinsurance underwriting partnership with Hyundai Marine & Fire Insurance Company (“Hyundai”). Under a Reinsurance Intermediary Management Agreement effective August 1, 2026, Waypoint is authorized to underwrite Property, Casualty and Workers’ Compensation treaty reinsurance business on Hyundai’s behalf.
Hyundai selected Waypoint to support its strategic expansion into the U.S. assumed reinsurance market. The addition of Hyundai further enhances Waypoint’s ability to provide brokers and ceding companies with access to diversified, highly rated reinsurance capacity through a single underwriting relationship. The agreement also builds upon Hyundai’s existing partnership with Brown & Brown, extending that relationship to Waypoint’s specialized U.S. treaty reinsurance underwriting platform.
Hyundai is rated A (Excellent) with a Stable outlook by AM Best, which classifies it as Financial Size Category XV, and A (Stable outlook) by S&P Global Ratings. As of June 30, 2026, Hyundai reported KRW 6.55 trillion (approximately US$4.24 billion) in consolidated shareholders’ equity. AM Best assesses Hyundai’s balance sheet strength as Strong and its risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), at the Strongest level.
“One of Waypoint’s founding principles is to provide brokers and ceding companies with access to multiple sources of high-quality reinsurance capacity through a single, responsive underwriting relationship,” said Matt Campion, President of Waypoint Underwriting Management. “The addition of Hyundai, with its exceptional financial strength, global reputation and long-term commitment to the market, represents another important milestone in delivering on that vision. We are also excited to expand Hyundai’s existing relationship with Brown & Brown while helping support its strategic growth in the U.S. assumed reinsurance market.”
The agreement further strengthens Waypoint’s position as a differentiated reinsurance underwriting platform, providing brokers and ceding companies with access to a diversified panel of highly rated capacity providers across Property, Casualty and Workers Compensation treaty lines. Through its centralized underwriting model, Waypoint offers an efficient path to meaningful, diversified capacity supported by experienced underwriting, actuarial, claims and catastrophe modeling resources.
About Waypoint Underwriting Management
Waypoint Underwriting Management, a division of Brown & Brown, is a specialty reinsurance underwriting management company providing Property, Casualty and Workers’ Compensation reinsurance solutions throughout North America. Supported by an experienced team of underwriters, actuaries, claims professionals and catastrophe modelers, Waypoint delivers disciplined underwriting, deep analytical expertise and customized reinsurance solutions to ceding companies and reinsurance brokers.
Waypoint provides access to a diversified panel of highly rated carrier partners through a single underwriting relationship, enabling brokers and ceding companies to obtain meaningful combined capacity through an efficient and responsive placement process.
About Hyundai Marine & Fire Insurance Company
Established in 1955 and headquartered in Seoul, Hyundai Marine & Fire Insurance Company is one of South Korea’s leading non-life insurance companies. Hyundai provides a diversified range of personal and commercial insurance products and maintains operations and business relationships in markets outside South Korea.
Hyundai carries an A (Excellent) Financial Strength Rating with a Stable outlook from AM Best, which classifies it as Financial Size Category XV, and an A Financial Strength Rating with a Stable outlook from S&P Global Ratings.