Stellar Re Intermediaries® was established in 2002 as a Chapter “S” Corporation in New York and licensed as an Insurance and Reinsurance Intermediary.
The company was founded by Denisa Dumitru, Peter Aubrey-Smith and Sol Kroll (1918 – 2013). Shortly after the incorporation, Stellar Re® opened a representative office in Bucharest, Romania. In 2003 we completed the first reinsurance renewal season, placing 23 contracts on behalf of 8 clients located in 3 countries, Romania, Bulgaria and Latvia.
Between 2004 and 2007 our revenues have increased sevenfold and the client base was expanded to Russia and Poland. By 2007, with Romania joining the European Union, Stellar Re® representative office in Bucharest was registered and incorporated as a locally licensed insurance and reinsurance intermediary, Stellar Re Europa.
Between 2008 and 2009 Stellar Re® consolidated its position and increased its operations throughout the targeted markets. In 2010, Stellar Re® was designated as one of the placing brokers for the most important Catastrophe program in Romania, providing highly appreciated counseling services to the Romanian NatCat Pool P.A.I.D.