Juniper Re, LLC Welcomes Russ Wagner as Head of Facultative Reinsurance

TAMPA, Fla.-September 9, 2024 - Juniper Re, LLC ("Juniper Re"), the dynamic reinsurance broking arm of The Baldwin Group, is pleased to announce the hiring of Russ Wagner as Head of Facultative. Russ will spearhead Juniper Re's strategic entry into the facultative reinsurance space, bringing decades of leadership and expertise to the company. This marks yet another significant milestone for Juniper Re, which has been on a rapid growth trajectory since its founding in 2023.

Russ joins Juniper Re with more than 30 years of industry experience, most recently serving as Senior Vice President at Aspen Insurance Group, where he oversaw the North American Property Treaty and Facultative portfolio. His exceptional track record of driving profitable growth, leading high-performing teams, and launching successful reinsurance divisions makes him a key addition to Juniper Re as the firm continues to expand its reach and capabilities.

Jeff Irvan, President of Juniper Re, expressed his excitement about this appointment: "We are thrilled to have Russ join our team and lead our entry into the facultative space. His deep understanding of how to structure deals and approach risk aligns perfectly with Juniper's values. In facultative, it's all about perspectives-what can seem like a roadblock for one market can be a breakthrough for another, depending on how it's approached. Russ's leadership will ensure we don't just offer facultative as a one-size-fits-all solution but work collaboratively across all disciplines to find the best outcome for our clients. With Russ at the helm, I'm confident our growth story is just beginning."

Russ Wagner shared his own enthusiasm about joining Juniper Re and leading the facultative initiative: "I am thrilled to be a part of Juniper Re. The company's commitment to authenticity, innovation, and teamwork aligns perfectly with my approach to the industry. Facultative reinsurance requires a nuanced approach, where the right solution comes from seeing problems from multiple angles and working together across disciplines. Juniper's 'one-team' mentality is exactly how I've always believed reinsurance should operate. I look forward to helping drive innovative, tailored solutions that will support our clients in navigating today's complex and fluid risk landscape, whether the ultimate outcome is a facultative placement or other form of risk transfer."

Juniper Re's entry into the facultative space builds on the company's success and growth over the last year since its founding. This announcement follows other strategic moves by Juniper Re, including the recent hiring of Nick Pewter, who is leading the firm's entrance into the parametric space, and Chris Hayward as Head of Bermuda operations. With Russ Wagner leading the facultative division, Juniper Re is set to further enhance its ability to meet clients' needs in this evolving market.

ABOUT JUNIPER RE, LLC

Juniper Re is a specialist reinsurance broker, comprised of talented and trusted professionals with extensive experience and knowledge in the reinsurance broking and the broader (re)insurance industry. Our team has extensive expertise across broking, analytics, client service, risk and compliance, and operational disciplines. We use a dynamic, analytical, and collaborative, cross-disciplined approach to deliver insightful counsel and solutions to our clients. For more information, please visit www.juniperre.com.

ABOUT THE BALDWIN GROUP:

The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc. ("Baldwin") (NASDAQ: BWIN) and its affiliates, is an independent insurance distribution firm providing indispensable expertise and insights that strive to give our clients the confidence to pursue their purpose, passion and dreams. As a team of dedicated entrepreneurs and insurance professionals, we have come together to help protect the possible for our Clients. We do this by delivering bespoke Client solutions, services, and innovation through our comprehensive and tailored approach to risk management, insurance, and employee benefits. We support our Clients, Colleagues, Insurance Company Partners, and communities through the deployment of vanguard resources and capital to drive our organic and inorganic growth. The Baldwin Group proudly represents more than two million Clients across the United States and internationally. For more information, please visit www.baldwin.com .

NOTE REGARDING FORWARD-LOOKING STATEMENTS:

This press release may contain various "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Baldwin's expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address Baldwin's future operating, financial or business performance or Baldwin's strategies or expectations. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "projects," "potential," "outlook" or "continue," or the negative of these terms or other comparable terminology. Forward-looking statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.

Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption "Risk Factors" in Baldwin's Annual Report on Form 10-K for the year ended December 31, 2023 and in Baldwin's other filings with the U.S. Securities and Exchange Commission (the "SEC"), which are available free of charge on the SEC's website at: www.sec.gov, including those risks and other factors relevant to Baldwin's business, financial condition and results of operations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to Baldwin or to persons acting on Baldwin's behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and Baldwin does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.

JUNIPER RE PRESS

Amy Money, Head of Marketing

Juniper Re

214.533.3837 | [email protected]

THE BALDWIN GROUP CONTACTS

MEDIA RELATIONS

Anna Rozenich, Senior Director, Enterprise Communications

The Baldwin Group

(630) 561-5907 | [email protected]

INVESTOR RELATIONS

Bonnie Bishop, Executive Director, Investor Relations

The Baldwin Group

(813) 259-8032 | [email protected]

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