NEW YORK, March 1, 2011 /PRNewswire/ -- Greg Lang has been named president of Universal Risk Intermediaries, Inc. (UniRisk), an insurance and financial firm that designs, organizes, and implements alternative risk transfer solutions. UniRisk works closely with major insurance carriers to develop profitable partnerships for their clients who are companies, groups, and associations that seek alternatives to the standard insurance marketplace.
Lang brings over 25 years of industry experience to his new position as president, most of which was spent in the alternative market. Prior positions include a broker/consultant for a multinational broker; risk manager in a Fortune 10 company; president of an Insurer owned managing general agency (MGA); and underwriter of Fortune 1000 and program MGA accounts. Most recently he was head of business development for a multinational reinsurer focused on primary MGA business, reinsurance of group captives and public entity business. In addition, he has worked for some of the biggest names in the industry including AIG, AT&T, Munich Re and Sedgwick. During this time he has accumulated an impressive list of industry contacts in all phases of the business.
According to UniRisk CEO, Steven C. Nordstrom, Lang will be expanding the breadth and depth of the UniRisk services and products. "Aside from our continued work in the Alternative Risk arena—with our Bermuda affiliates—we will be looking at providing back office services and management expertise to program managers, as well as arranging financing, for those that have such needs," said Nordstrom.
Universal Risk was launched in 1994, as part of Universal Holdings in Bermuda. The firm conducts its Bermuda operations, with its affiliated insurance/reinsurance company Capital Security Ltd, through R & Q Quest Management Service Limited (Quest). Quest has been operating in Bermuda since 1979 and is one of the leading independent captive and rent-a-captive services companies in Bermuda.
UniRisk currently offers services including rent-a-captive programs, deductible reimbursement policies, collateral alternative (LOC) plans, captive formation and management, international reinsurance placement, pure fronting arrangements, broking to Bermuda insurers, funding arrangements, programs for all classes of insurance, direct policies and certificates, new product lines and consulting, and accounting, financial and banking.
For more information, contact 239-431-6029 or visit www.unirisk.com.
SOURCE Universal Risk