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One80 buys reinsurance MGU Waypoint

One80 Intermediaries Tuesday said it has acquired Waypoint Underwriting Management LLC, a Basking Ridge, New Jersey-based managing general underwriter specializing in reinsurance.

Terms were not disclosed.

Waypoint was formed in 2017 by a group of former XL Catlin executives led by managing partner Jason Denechaud.

The company offers property/casualty, workers compensation, and accident and health reinsurance, a One80 statement said.

One80 is a Boston-based wholesale unit of Accession Risk Management Group.