Applied Underwriters Hires 3 from AIG to Lead New Fine Art and Collectibles Unit December 28, 2020
Insurer Applied Underwriters has named three executives from AIG’s Private Client Group to develop its new Applied Fine Art and Collectibles business unit that is based in New York.
Ronald Fiamma will serve as president of Applied Fine Art and Collectibles, with Christopher Walsh serving as senior vice president of Underwriting, and Rand Silver as senior vice president of Risk Management.
The executive team comes to Applied from AIG Private Client Group, one of the largest high net worth divisions in the personal lines industry.
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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.