Altair History

A Brief History of Altair
Altair was founded in 1990 by Robert Drag and John Webb, both former officers at Chartwell Reinsurance Company. When Chartwell relocated to Stamford, Connecticut in 1990, the two men wished to remain in Minneapolis, so decided to follow their entrepreneurial spirit and form their own business enterprise together.

From the beginning, they understood that their unique knowledge and experience in the insurance and reinsurance industry filled an unmet need in the marketplace. They offered their services to insurers and reinsurers, taking on difficult assignments that complemented their clients' range of expertise, as well as projects companies lacked the time of internal staff and resources to handle themselves.

Altair grew in size, experience and reputation over the next decade. Companies increasingly drew in the firm's proven skills to assist in various capacities with disputes, arbitration, litigation and discovery. Today, Altair representatives also act as auditors, consultants, expert witnesses and arbitrators on behalf of clients. Companies worldwide turn to Altair to handle management, underwriting, claim and transactional audits of prospective, in-force or runoff relationships.

Altair's client base includes international insurers and reinsurers whose needs range from investigating potential risk assumption and ongoing portfolio management, to due diligence for investment purposes. Altair has worked a great deal with Bermuda and London markets, including Lloyd's. It has a wide range of expertise in the areas of Workers' Compensation; Automobile; General, Professional and Employment Practices Liability; Treaty and Facultative Reinsurance; Medical Malpractice and more. Altair also has an expanded network of contractors available to assist with projects requiring specific expertise.

Although Altair lost a friend and partner with the passing of John Webb in December 2007, the company continues to operate with the integrity and professionalism that John inspired. Under the direction of Bob Drag, Altair is moving forward and growing the company with an eye to the future in assisting those in need of their services for many years to come.