The launch coincides with Brace’s four-year anniversary and signifies an exciting stage in the business’s growth. Founded in October 2019 by Holberry, Brace has since solidified its reputation as a leading capacity provider to alternative risk MGAs across the globe and in 2023 wrote in excess of $120 million in gross written premium.
Headquartered in North Carolina, Brace USA will mirror the appetite of its London counterpart, focusing exclusively on binder business, excluding natural catastrophe, cyber and long-tail liability lines. With his more than three decades’ worth of industry experience, Dorr will spearhead the business. He previously held senior distribution positions at Hiscox, Lloyd’s and HCC Specialty and most recently held the role of as head of distribution at Brace.
Dorr said: “We are tremendously excited to launch Brace USA and to stand shoulder to shoulder with our specialty MGA partners, offering them the strength, energy and domestic A rated capacity to allow these entrepreneurs to grow their businesses in their chosen fields.”
Holberry said: “Brace set out to provide support to the niche and alternative risk MGAs so often underserved by traditional P&C carriers. Following four successful years, it is the natural next step to expand our footprint further into the US and partner with businesses with multi-class approaches and non-standard exposure, coupled with a compelling distribution advantage. With Glenn at the helm, supported by the wider Brace leadership team, I am confident that Brace USA will quickly find success.”
Brace USA E&S capacity will be written on “A XV” AM Best-rated paper.”
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