Lancashire Insurance, a subsidiary of Lancashire Group, has been launched as an excess and surplus insurer in the US, expanding the company’s international footprint.
Lancashire Group, the Bermuda-based Lloyd’s insurer, explained that Lancashire Insurance US (LUS) operates under a delegated underwriting arrangement with Lancashire’s UK platform and is focused on the U.S. excess and surplus market, with initial products being energy casualty and property.
LUS gives the group the ability to write business that is within its appetite but that it previously did not have access to. It is fully complementary to Lancashire’s existing operations, the company said, noting that LUS will conduct insurance commerce under Lancashire Insurance (US) LLC, doing business as Lancashire Insurance Specialty Services across the US.
Huw Jones, previously group head of Specialty Insurance, has been named CEO of Lancashire Insurance US (LUS).
Other LUS executives include:
- Christopher Curtin is head of U.S. Property and joined LUS in September 2023. Curtin has over 25 years’ of market experience in brokerage and underwriting. Prior to joining Lancashire, he was head of U.S. Property at Everest Insurance and has also held senior property roles at AIG and as a property broker with Aon & Integro Insurance Brokers.
- Brian Quinn is senior vice president Energy Casualty and joined LUS in June 2023. Prior to joining Lancashire, Quinn was senior underwriter at AXA XL on the North America Energy Casualty team, and also held underwriting roles at XL Catlin and Energi Insurance, a Massachusetts based specialty MGA.
“This is a significant milestone in the strategic development of Lancashire, giving us access to business that we could not write before through new distribution channels and with new clients,” commented Group Chief Executive Officer Alex Maloney. “We are pleased to welcome the new U.S. team to the Lancashire Group and look forward to working with them.”
“We are excited to have launched LUS, and we have built a really strong team of underwriters and within our support functions,” according to Jones, commented. “We look forward to connecting with our new trading partners and offering the underwriting expertise and excellent client service that Lancashire is renowned for.”
Topics USA Excess Surplus
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