Preferred Re Welcomes Tyler King as New Executive Vice President

In an exciting move that signals a commitment to growth and innovation, Preferred Reinsurance Intermediaries, a prominent boutique reinsurance intermediary and subsidiary of Balavant Insurance Group, has appointed Tyler King as the new Executive Vice President. King, armed with nearly 15 years of industry experience, is set to play a crucial role in steering the company toward greater success in the program business market.

A Proven Track Record in Reinsurance

Tyler King comes to Preferred Re with an impressive background in treaty reinsurance broking, having most notably served as Senior Vice President, Treaty Broker at Gallagher Re. His extensive career encompasses various roles, including client services, operations, and broking, all of which equip him with a broad perspective on value creation within the reinsurance sector.

His experience particularly shines in the areas of originating, placing, and servicing treaty programs that cater to the Managing General Agent (MGA) and program business segments. King has established a strong reputation for his client-centered approach and ability to craft strategic solutions tailored to specific needs. This renowned expertise will be invaluable as he takes on the leadership role at Preferred Re.

Collaborative Vision for Growth

At his new position, King will collaborate closely with the Founder and President, Bob Sanders, and the leadership team to enhance the firm’s capabilities and bolster its market relationships. Their collective goal is to effectively implement the company’s growth strategy while solidifying its standing in the competitive program business landscape.

Bob Sanders expressed his enthusiasm, stating, "Tyler's track record in the MGA and program sectors, along with his strategic and collaborative mindset, make him an exceptional addition to our team. We’re thrilled to have him join us as we continue to expand our capabilities and deliver high-impact reinsurance solutions tailored to our clients’ needs."

Also highlighting the company's vision, Rekha Skantharaja, CEO of Balavant, noted, "At Preferred Re, we understand that matching the right capacity with the right MGA is where real innovation begins. Adding exceptional talent like Tyler strengthens our ability to empower clients to build creative, market-leading programs that move our industry forward."

Commitment to Excellence

King's appointment epitomizes Preferred Re’s strategic commitment to fostering a leadership team rich in expertise, relationships, and vision essential for driving growth in the expanding program business sector. His role is pivotal in advancing the company’s mission to provide innovative reinsurance solutions that meet diverse client needs effectively.

Consumers can expect Preferred Re to continue its path of excellence under King’s leadership. As the firm enhances its operational frameworks and market strategies, the focus remains steadfast on delivering tailored solutions in the realm of specialty and program insurance. Known for their dedication to building long-term relationships, Preferred Re aims to maintain its commitment to customer satisfaction while staying ahead of market trends.

About Preferred Re

Preferred Reinsurance Intermediaries specializes in providing bespoke reinsurance solutions and excels in the program insurance market, serving both regional and national clients. They partner with leading global reinsurance markets to offer a broad range of traditional and alternative capital solutions, ensuring optimum client program structures and capacity.

About Balavant Insurance Group

Balavant Insurance Group stands out as a leading MGA platform, recognized for integrating cutting-edge technology and centralized services to facilitate scalable growth across its subsidiaries. This structure allows them to remain agile and responsive to the ever-changing demands of the insurance market.

For those interested in learning more about these developments and the capabilities of Preferred Re and Balavant Insurance Group, visit their respective websites for detailed information.