Beat capital backed Brace is launching in the US with Glenn Dorr as president and marketing head for North America.
Beat Capital-backed Brace Underwriting has launched a new arm, Brace USA.
President and head of marketing, North America, Glenn Dorr (pictured), will report to Adam Holberry, group CEO of Brace.
The launch coincides with Brace’s four-year anniversary. In 2023 it wrote $120m of gross written premium.
Founded in October 2019 by Holberry, Brace is a capacity provider to alternative risk MGAs across the globe.
Headquartered in North Carolina, Brace USA will mirror the appetite of its London counterpart, focusing exclusively on binder business, excluding natural catastrophe, cyber and long-tail liability lines, the company said.
Dorr previously held senior distribution positions at Hiscox, Lloyd’s and HCC Specialty and most recently held the role of as head of distribution at Brace.
He said: “We are tremendously excited to launch Brace USA and to stand shoulder to shoulder with our specialty MGA partners, offering them the strength, energy and domestic A rated capacity to allow these entrepreneurs to grow their businesses in their chosen fields.
Holberry added: “Brace set out to provide support to the niche and alternative risk MGAs so often underserved by traditional P&C carriers.
“Following four successful years, it is the natural next step to expand our footprint further into the US and partner with businesses with multi-class approaches and non-standard exposure, coupled with a compelling distribution advantage. With Glenn at the helm, supported by the wider Brace leadership team, I am confident that Brace USA will quickly find success.”
Brace USA E&S capacity will be written on “A XV” AM Best-rated paper, the firm said.