Applied Underwriters Forms EU Subsidiary for Specialty Business in Europe, Middle East December 16, 2020
Omaha-based insurer Applied Underwriters Inc. announced it has formed Applied Financial Lines Ltd., a new European subsidiary, which will operate from Paris and Cologne.
The new company will underwrite several specialty lines, including professional indemnity and directors and officers, in the European Union and in the Middle East.
Applied Financial Lines will work with a extensive wholesale broker and local retail agent network throughout the EU, Israel, and other countries in the region.
The announcement follows recent news that Applied Underwriters has acquired the renewal rights to StarStone’s financial lines book of business, which it said will provide a solid basis for the planned expansion and growth.
Applied Financial Lines, Ltd. Formed as Applied Underwriters Expands in the EU and Middle East for Specialty Business prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.