Balance Partners appoints Yacono as director of flood
Balance Partners has hired Justin Yacono as director of flood insurance business and assistant vice president of property.
He joins the business from WKFC Underwriting Managers, and prior to this he was an underwriter at Global Excess Partners. It is understood Yacono will lead a small book of excess flood insurance business for the TransRe-backed MGU.
Balance has continued the build-out of its business since hiring D&O insurance stalwart Greg Flood last September to lead a new start-up program specializing in financial and professional lines.
TransRe provides Balance Partners with paper through its Fair American Insurance and Reinsurance (FairCo) subsidiary.
Balance Partners CEO Joe Calise said the MGU’s profit sharing approach "continues to attract talent".