DOXA forms DOXA Re, a specialty property reinsurance managing general underwriter (MGU) focused on quota share and related proportional solutions for traditional insurers, hybrid carriers and managing general agents (MGAs).
James Femia joins DOXA as president of DOXA Re, with 22 years of property reinsurance underwriting and leadership experience. Femia has developed and managed diversified quota share portfolios and worked across brokers, cedents, MGAs and capital markets participants.
DOXA Re will build a portfolio across products, client segments, geographic regions and multiple risk classes, combining delegated underwriting authority with workflows intended to give clients and brokers continuity from initial review through to binding. DOXA’s operational infrastructure will support the MGU as it recruits underwriting and analytics staff.
Joe Guerrero, chief product and underwriting officer at DOXA, says: “As MGA and hybrid-carrier programmes expand, property placements are becoming more complex, yet access to reinsurers with both the expertise and appetite to participate remains limited.”
Femia says: “Our approach reflects what I call ‘Working Property’: putting capital to work alongside cedents and collaborating with brokers and capacity providers so everyone at the table shares the success.”
DOXA acquires and grows specialty insurance programme administrators and underwriting and distribution businesses, including
