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"The industry itself now has a precedent"

Applied Underwriters Finalizes Acquisition of UK MGA Concept Special Risks April 15, 2021 Financial details of the deal, which was first announced in February, were not disclosed. Founded 29 years ago by top sector executive Tony Usher, CSR holds a dominant place in the U.S. and Caribbean markets for motor yachts, trailer craft, sailboats and catamarans, covering both private/pleasure and charter, said Applied Underwriters, in a statement. “We are very pleased that this transaction has come to fruition, and we are ready and optimistic for the coming seaso...

Applied Underwriters to Acquire UK Yacht Insurance MGA, Concept Special Risks February 4, 2021 Applied Underwriters announced it will acquire Concept Special Risks, a UK-based international managing general agent, which provides coverage for a variety of nautical vessels and operators across the globe. Based in Yorkshire, UK, and founded in 1999 by Tony Usher, Concept Special Risks is a licensed Lloyd’s coverholder. The company has a leading market position in the U.S. and Caribbean markets for motor yachts, trailer craft, sailboats and catamarans coverin...

Applied Underwriters Acquires Leading International Yacht, Excursion and Pleasure Craft Underwriting Facility UK Based Concept Special Risks MGA Specializes in US and Caribbean Markets for Extensive Vessel Classes News provided by Share this article Share this article OMAHA, Neb., Feb. 3, 2021 /PRNewswire/ -- Mr. Steve Menzies, Chairman, Applied Underwriters, has announced that the Company will acquire Concept Special Risks, a UK based international MGA that is a leader in providing coverage for an extensive variety of nautical vessels and operators across the globe. Based in Yorkshire, UK, ...