For Immediate Release
June 25, 2003
U.S. RE Companies, Inc. Moves to New Location
New York, NY - U.S. RE Companies, Inc., an international reinsurance and financial services firm, has moved its headquarters to 745 Fifth Avenue in Manhattan. The Company was located for more than 12 years at 99 Park Avenue.
"Our new offices on the southeast corner of Fifth and 58th Street will occupy the entire 19th floor, which provides us with needed space for expansion," said Tal P. Piccione, Chairman and Chief Executive Officer.
U.S. RE Companies, Inc. is an international financial services group that provides reinsurance, wholesale brokerage and consulting services, alternative risk financing and securitization, underwriting management, captive insurance facilitation, and venture capital investments in insurance related properties.
In addition to its core business of reinsurance brokerage and consulting, the U.S. RE Group over the last few years has expanded its activities in the wholesale sector with the creation of Uni-Ter Underwriting Management Corp. and Uni-Ter Claims Services Corp., Atlanta-based providers of long-term care liability insurance and third-party claims services; plus the acquisition of Quadrant Insurance Managers of Columbus, OH, a managing general agency that provides specialty products to retail agents.
U.S. RE also provides captive facilitation and management through its Bermuda subsidiaries, Uni-Ter International Insurance Company and Uni-Ter International Management, Ltd. Through its merchant banking arm, Fenelon Ventures LLC, the Company makes investments in insurance companies and related enterprises.
U.S. RE's new address is: U.S. RE Companies, Inc., 745 Fifth Avenue, 19th Floor, New York, NY 10151 (Tel: 212-808-5500 Fax: 212-808-5206).
