Morgan Lewis Reps Breckenridge In Reinsurance Deal

Law360, New York (February 1, 2011, 5:10 PM EST) -- Seeking to move into the reinsurance market, Breckenridge IS Inc. said Tuesday that it had snapped up a majority interest in specialty reinsurance broker REcentis Intermediaries LLC.

The Aurora, Ohio-based insurance services firm, which acts as a specialty insurance underwriting manager and wholesale broker, said it acquired a main stake in the California-based reinsurance company in an undisclosed deal.

REcentis has offices in Westlake Village, Calif., and Sydney, and the deal will boost Breckenridge’s presence to offices in 14 U.S. states and Australia.

Breckenridge offers a...
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