Universal Insurance Holdings, the Florida headquartered, nationally expansive primary insurance carrier, has announced the hiring of Jason Burns as the new President of its reinsurance intermediary Blue Atlantic.
Burns joins Universal Insurance Holdings from his most position at Chubb Tempest Re where he has worked for over fourteen years.
Blue Atlantic Reinsurance Corporation is Universal’s own fully-licensed reinsurance intermediary and partners with third-party reinsurance brokers to facilitate the placement and management of the reinsurance program for its underwriting carriers.
Given Universal’s extensive use of collateralized protection and its work with a range of insurance-linked securities (ILS) fund markets over the years, this position leading Blue Atlantic is a key one in Universal’s reinsurance planning, buying and renewals, as well as in relationship building with reinsurance markets around the world.
“I am very pleased to announce that Jason Burns has been named President of Blue Atlantic. Jason will join us from Chubb Tempest Re where he spent 14 years as a property catastrophe and property pro rata underwriter in Bermuda and the US. Jason is a highly skilled reinsurance professional who is extremely well respected and regarded in the reinsurance business and understands the Florida market very well,” explained Steve Donaghy, Chief Executive Officer.
Burns began his insurance career at The Hartford, working in its Personal Lines Division.
He moved into reinsurance with OdysseyRe as a property treaty underwriter in 2004 and then joined Chubb Tempest Re in 2006, when it was still ACE, as a property catastrophe reinsurance underwriter focused on U.S. clients.
Mmost recently, Burns managed the US Pro Rata and Risk portfolio for Chubb Tempest Re out of its Stamford, Connecticut office.