DOXA Launches Specialty Property Reinsurance MGU DOXA Re to Address Quota Share Demand

DOXA has launched DOXA Re, a specialty property reinsurance managing general underwriter (MGU) targeting the quota share market. For carriers and MGAs struggling with complex property placements, this new entity provides much-needed capacity and underwriting expertise, specifically focusing on proportional solutions for traditional insurers, hybrid carriers, and delegated authority programs.

What was announced

DOXA Re has been established as a specialty property reinsurance managing general underwriter (MGU). The new entity is designed to provide quota share and related proportional solutions, specifically targeting traditional insurers, hybrid carriers, and managing general agents (MGAs). The formation addresses a specific gap in the market where property placements have become increasingly complex, often outpacing the available expertise and appetite from traditional reinsurers.

James Femia has been appointed as the president of DOXA Re. Femia brings 22 years of property reinsurance underwriting and leadership experience to the position, with a background in developing and managing diversified quota share portfolios. His role will involve building a portfolio that spans multiple products, client segments, and geographic regions, while covering various risk classes.

The MGU will operate using delegated underwriting authority, supported by workflows intended to provide timely reviews and clear communication for brokers and clients. This operational structure is designed to offer continuity from the initial risk review through to the binding of the treaty. To support this growth, DOXA Re is actively recruiting underwriting and analytics professionals. These teams will focus on applying disciplined risk selection, rigorous pricing models, and bespoke treaty designs to meet the specific needs of the property market.

"Our approach reflects what I call ‘Working Property’: putting capital to work alongside cedents and collaborating with brokers and capacity providers so everyone at the table shares the success,"

James Femia

The companies involved

DOXA serves as the parent organization for a range of specialty insurance entities, providing the operational infrastructure and capital relationships necessary for niche underwriting businesses to scale. The firm focuses on the specialty property and casualty sectors, positioning itself as a strategic partner for MGAs and carriers that require sophisticated underwriting expertise. By centralizing operational resources, DOXA allows its individual units to focus on disciplined risk selection and market-specific solutions.

The leadership team at DOXA includes Joe Guerrero, who serves as the Chief Product and Underwriting Officer. Guerrero’s role involves overseeing the development of new products and ensuring underwriting standards are maintained across the group’s various platforms. With the launch of DOXA Re, the company expands its footprint into the reinsurance space, specifically targeting the proportional market. James Femia, the newly appointed president of DOXA Re, adds significant depth to the organization’s property reinsurance capabilities. The company’s strategy revolves around leveraging its existing operational framework to support new MGUs, allowing them to move quickly in response to market demands while maintaining the rigorous pricing and analytics required for sustainable growth in the specialty insurance sector.

What this means from an insurtech perspective

The launch of DOXA Re highlights a critical bottleneck in the current insurance value chain: the "fronting" and hybrid-carrier model's reliance on stable, expert reinsurance capacity. As MGAs take on more complex property risks, the demand for sophisticated quota share partners often exceeds supply. By positioning an MGU specifically for this niche, DOXA is addressing the friction between primary distribution and capital providers. For the industry, this signals a shift toward more specialized, data-driven treaty design. It puts pressure on traditional reinsurers who may lack the agility to service the rapidly evolving MGA sector, while offering brokers a more streamlined path to binding complex property treaties.