PRO Insurance Solutions establishes US-based operation
PRO Insurance Solutions Limited (PRO) has announced the formation of a new United States affiliate, PRO Insurance Solutions, Inc.
PRO US is a member of the Swiss Re Group and a subsidiary of Swiss Re America Holding Corporation.
PRO US will operate out of in New York and Boston offering a range of management services and solutions, including full-service discontinued management, technical audit, commutation, asset recovery and reinsurance debt purchase solutions.
Kathy Barker joins PRO as president bringing considerable expertise in reinsurance and management of discontinued insurance business. Formerly with The Hartford, she has extensive experience in acceleration of closures via commutation, development of collection strategies to resolve disputes and accelerate retrocession recoveries, including management of insolvent reinsurance recoveries.
Steve Ryland, executive director of PRO and serving on the board of directors for PRO US said, “We are delighted with the establishment of a permanent US affiliate. During the last 13 years of operation, PRO, in servicing its clients has been operating on a more international basis in many markets including the US. The level of experience and activity in the US market has consistently grown. A combination of the level of new activity, the increase in the number of US based clients and international clients with considerable US exposures supports the needs for this expansion.”