Burnaby, BC, May 27, 2022: Reliance Group of companies is a leading Canadian insurance and underwriting company specializing in corporate, personal, and marine insurance.

The newest division to our group of companies is PMU Specialty Underwriting Managers Ltd., a Canadian MGA that will specialize in hard to place risks.

Mashood Ali has been named the Executive Vice President and will lead our underwriting initiative. Chris Ball, CEO of PMU Specialty, said, “We are pleased to partner with Mashood as he brings to the table years of experience from an underwriting perspective and will lead the way to a unique way of doing business with brokers looking for an MGA who is not shy to review high risk placements.”

Mashood has successfully placed over $15 billion in combined insurance limits across Canada in sectors such as construction, digital assets, healthcare, hotels, hospitality, manufacturing, mining, realty, technology, transportation and cross-border risks.

In addition to programs for cities & municipalities, he has extensive experience in placing D&O, E&O, pollution, motor truck cargo, and medical malpractice.

Mashood says, “Partnering with the Reliance Group brings synergy to my background and their expertise in the MGA space. Many sectors in the Canadian economy are seeing an extraordinary period of growth and transformation. The risks faced by companies operating in construction, healthcare, hospitality, manufacturing, tech and transportation are becoming more complex and harder to place. Our insurance partners both domestically and globally bring extensive and broad underwriting capabilities and expertise which will contribute to the delivery of our strategic direction to our loyal and core broker partners from across Canada.”

Contacts

Mashood Ali, EVP Underwriting
PMU Specialty Underwriting Managers Ltd.
mali@pmuspecialty.ca
778-791-2033

Chris Ball, CEO
PMU Specialty Underwriting Managers Ltd.
cball@reliance.ca
604-251-8322