Montpelier launches US direct property Fac operation
Montpelier Re has announced the launch of a direct property facultative (DPF) division underwritten by its Lloyd’s syndicate 5151 US coverholder Montpelier Underwriting Inc (MUI).
The firm said that adding to its exisiting brokered property facultative (BPF) and property treaty divisions, the DPF division will open its first office in Kansas City.
Doug Johnson, vice president
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