Distinguished Programs expands into reinsurance

MGA and insurance program manager Distinguished Programs announced its expansion into the reinsurance market with the addition of Distinguished Reinsurance. The new platform debuts with its first group focused on property reinsurance, led by Frank DiPaola, who will take on the role of President, DistinguishedRe Property.

Coverage is backed by Antares Reinsurance Company Limited, a Bermuda-licensed reinsurer writing all major property, casualty and specialty lines of business. Antares Re is rated A- by both AM Best and S&P and is the reinsurance arm of the larger Antares Global insurance group, owned by QIC.

The Property Reinsurance group offers a broad appetite for excess of loss facultative, semi-automatic and property treaty placements, with up to $50 million in capacity. Capabilities include U.S. domestic and international property schedules, as well as direct and brokered individual risk, facultative automatic and treaty placements.

This move represents Distinguished’s first step into the reinsurance market. The addition of DistinguishedRe Property Reinsurance follows recent introductions of its Marine Cargo, Crisis Management, and Transactional Risk programs, underscoring the company’s continued investment in expanding its specialized underwriting capabilities across its portfolio.

“Expanding into reinsurance is a natural next step for us, as we see strong potential for the MGA structure in this space. Ultimately, our strategy is to invest behind experienced and talented teams, and we are thrilled that Frank and his colleagues have joined us. We are equally excited to work with the Antares team as we collectively build this program.” – Jason Rotman, president of Distinguished.