NU Online News Service, Sept. 15, 10:11 a.m. EDT

Sanford "Sandy" Elsass, president of Uni-Ter Underwriting Management Corporation (UUMC), was named a director of U.S. RE Companies, Inc., an international financial services and reinsurance brokerage firm.

UUMC is a subsidiary of U.S. RE Companies that builds and manages risk retention groups in the healthcare industry. The risk retention groups provide general and professional liability insurance to long-term care facilities, physicians, surgeons, nurses, other healthcare professionals, and related businesses in 48 states.

Mr. Elsass joined the U.S. RE Group in 2002 and serves as a senior officer.

"Sandy Elsass has built Uni-Ter into a major profit center. His rich experience in brokerage management and investment banking will be invaluable to our Board as U.S. RE grows," said Tal P. Piccione, chairman and chief executive officer of U.S. Re, in a statement.

Mr. Elsass has been in the insurance industry and related business for 30 years. He serves currently as a director of the Nevada Captive Insurance Association, the National Risk Retention Association, and Sunshine State Insurance Company of Florida.

Prior to joining U.S. RE, he was an investment banker with Marsh Berry and Co. Earlier, he was president of Montgomery & Collins, a wholesale insurance broker that was sold to Marsh & McLennan. Elsass is a former director of Wainwright Bank & Trust Company of Boston.