Two insurance industry leaders announced today they had formed an underwriting management company to take advantage of what they see as a "rapidly changing insurance industry marketplace."
Joining forces to launch New Asset Class Management are James N. Stanard, former chief executive officer of Renaissance Re, and Rod Fox, former CEO of Praetorian. The operation will be wholly owned by F&S Ventures, a privately held investment company.
The amount of the company's starting capital or projected first-year earnings was not disclosed. It is based in Greenwich, Conn.
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