Munich Re’s Assennata Joins North Carolina-Based IAT Insurance Group

IAT Insurance Group, a provider of specialty property and casualty products, has added Steve Assennata to the company to serve as chief underwriting officer (CUO) of its Programs unit. The company is based in Raleigh, N.C.

Assennata comes to IAT with more than 25 years of experience and was previously head of Insurance Programs for Munich Reinsurance Co. Prior to that role, he was the CUO for Casualty Reinsurance Programs at Munich Re, and held other management positions in underwriting earlier in his career.

Bill Teed, IAT’s senior vice president of Programs, said Assennata will help the company further its efforts to explore more business opportunities in the Programs space.

The IAT Programs unit aligns with managing general agent, program administrator and reinsurance partners to design custom insurance products across niche industries. It facilitates a variety of programs, such as casualty, property, and other specialized lines of business for commercial or personal lines; countrywide paper, admitted and non-admitted; risk sharing, alternative risk transfer or fronting; and claims solutions in-house or TPA.

IAT Insurance Group is a privately owned, specialty insurance company providing property and casualty products for businesses and individuals. IAT goes to market through seven business units – Commercial Transportation, Specialty, Programs, Inland Marine, Excess Casualty Mid-Market, Reinsurance, and IFIC Surety.

Topics Reinsurance North Carolina Casualty