Steve Assennata Joins IAT Insurance Group
Industry veteran Steve Assennata has joined IAT Insurance Group, a provider of specialty property and casualty products, as chief underwriting officer (CUO) of its programs unit.
Assennata joins IAT with more than 25 years of experience and was previously head of insurance programs for Munich Reinsurance Company. Prior to that role, he was the CUO for casualty reinsurance programs at Munich Re, and held other management positions in underwriting earlier in his career.
“We look forward to welcoming Steve as he brings his extensive knowledge and experience to our programs unit,” said IAT CEO Bill Cunningham.
Bill Teed, IAT’s senior vice president of programs, added: “Steve brings extensive underwriting expertise and deep knowledge of the programs business. He will be an invaluable team member as we further our efforts to explore more business opportunities in the Programs space.”
IAT Insurance Group is a privately owned, specialty insurance company providing property and casualty products for businesses and individuals. IAT goes to market through seven business units: commercial transportation, specialty, programs, inland marine, excess casualty mid-market, reinsurance, and IFIC Surety.
The IAT programs unit aligns with managing general agent, program administrator and reinsurance partners to design custom insurance solutions across niche industries. It facilitates a variety of programs, such as casualty, property, and other specialized lines of business for commercial or personal lines; countrywide paper, admitted and non-admitted; risk sharing, alternative risk transfer or fronting; and claims solutions.
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