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Business Moves

Business Moves
Arch, Coalition
Arch Insurance North America and Coalition have formed a multi-year partnership to provide Coalition with long-term capacity for its U.S. and Canada Cyber and Technology Errors & Omissions insurance programs. The capacity will be available through Arch Insurance North America’s carriers.
The partnership with Arch will support Coalition, a provider of cyber insurance and security tools to help businesses manage and mitigate cyber risk, as it continues to grow. Over the past year, Coalition has grown to more than $150 million of run-rate gross written premium (GWP) and serves more than 41,000 organizations. Coalition uses an analytics-based approach and in-house cybersecurity services in addressing cyber risk. ....

Louisiana , United-states , Alabama , Central-region , United-kingdom-general , United-kingdom , California , San-francisco , Charlotte , North-carolina , North-attleboro , Massachusetts

Applied Underwriters Acquires Oklahoma Property and Casualty Insurance

Applied Underwriters Acquires Oklahoma Property and Casualty Insurance
February 16, 2021
Applied Underwriters’ affiliate, North American Casualty Co., has completed its acquisition of Oklahoma City-based Oklahoma Property and Casualty Insurance Co. (OP&C).
Applied Underwriters plans to make various changes with respect to OP&C, as well as the Texas Insurance Co. (TIC), which is also owned by North American Casualty.
The company’s strategic plans call for repurposing TIC to expand its excess and surplus (E&S) capabilities nationally in support of the company’s trucking programs and other divisions now organized under Applied Specialty Underwriters, led by Chris Day, and Applied Financial Lines, led by Steve McGill. ....

California , United-states , Oklahoma , Illinois , Pennsylvania , Nebraska , Texas , American , Steve-mcgill , Chris-day , California-insurance-co , Texas-insurance-co

Applied Underwriters Acquires Oklahoma Property and Casualty Insurance Company for Admitted Business in South Central Region and Refocuses Texas Insurance Company for E&S Lines Nationally

/PRNewswire/ Mr. Steve Menzies, Chairman, Applied Underwriters, today announced that "A" rated North American Casualty Company has completed the acquisition. ....

United-states , Oklahoma , United-kingdom , Nebraska , Texas , California , Illinois , Pennsylvania , American , Steve-menzies , Jamie-sahara , Ryan-gerding

Applied Underwriters Acquires Leading International Yacht, Excursion and Pleasure Craft Underwriting Facility

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
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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, since its founding in 1999 by Tony Usher, Concept Special Risks is a licensed cover holder at Lloyd s and holds a dominant market position in the US and Caribbean markets for motor yachts, trailer craft, sailboats, and catamarans covering both private/pleasure and charter. ....

New-york , United-states , Florida , United-kingdom , Israel , Nebraska , Yorkshire , North-yorkshire , Steve-menzies , Ryan-gerding , Underwriters-inc , Applied-underwriters

Applied Underwriters Forms EU Subsidiary to Write Specialty Business in Europe, Middle East

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. ....

Paris , France-general , France , Israel , Steve-menzies , Jeroen-claesen , European-union , Underwriters-inc , Financial-lines-ltd , Applied-underwriters , Applied-financial-lines-ltd , Financial-lines