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UFG Insurance enters agreement with Topsail Re


Cedar Rapids-based UFG Insurance has entered into a program management agreement with Topsail Re that will enable the two companies to share risks on certain lines of business, UFG announced. Topsail, a reinsurance group founded in 2018, underwrites more than $300 million of property and casualty reinsurance business on its own balance sheet. Topsail will underwrite and manage commercial and personal casualty reinsurance on behalf of United Fire & Casualty Co., a wholly owned subsidiary of UFG. “Our partnership with Topsail Re is an exciting opportunity to provide new reinsurance capacity to the commercial auto, commercial casualty and personal auto marketplace,” said Micah Woolstenhulme, UFG vice president and chief risk officer, who is leading the company’s assumed reinsurance expansion efforts.

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