SOURCE: U.S. RE Securities, LLC

September 28, 2009 09:00 ET

Britton Named Senior Vice President U.S. RE Securities, LLC

NEW YORK, NY--(Marketwire - September 28, 2009) - Steven R. Britton has been named Senior Vice President, U.S. RE Securities, LLC, the investment banking arm of U.S. RE Companies, Inc., the New York-based international financial services and reinsurance brokerage firm. The announcement was made by Peter S. Rawlings, Chairman of the U.S. RE Securities Board.

Britton will be responsible for origination, structuring, and placement of structured insurance products including direct collateralized placements, industry loss warranties (ILWs), reinsurance sidecars, and catastrophe bonds. He has more than 18 years of experience as a reinsurance broker, underwriter, and capital markets professional with assignments in Los Angeles, London, New York, and Bermuda.

"We're pleased to welcome Steven to the U.S. RE Securities senior management team. He will play an important role in meeting the special needs of insurance companies and investors as U.S. RE Securities grows," said Tal P. Piccione, Chairman/CEO of U.S. RE Companies, Inc.

Britton gained senior-level capital markets experience in collateralized reinsurance and insurance-linked securities at Willis Capital Markets and Fox-Pitt Kelton Cochran Caronia Waller. Previously he worked as a reinsurance broker and capital markets specialist with Aon Capital Markets / Special Risk Services (SRS) focusing on mortgage indemnity and special hazard reinsurance, financial guaranty, and insured asset and mortgage-backed securitization lines. He served also as a Managing Director in ACA Financial Guaranty Corporation's Structured Insurance Group where he developed and underwrote portfolios of specialty property and aviation risks, ILWs, weather derivatives, residual value insurance, and trade credit facilities.

Britton holds a B.A. in Economics from Brigham Young University and an M.B.A. in Finance and Accounting from the University of California-Davis.

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