Applied Underwriters News

People Moves: Argo’s Betz Leads New Applied Surety Team; Hartford’s Cushing Joins Zurich Construction; Hub Names Frattarola HNW Leader; Cline Succeeds Berg at ACT

Betz to Lead New Applied Surety Operation Applied Underwriters continues its specialty lines expansion with the launching of Applied Surety Underwriters. Based in Houston, this new division will focus on large, commercial and contract surety business worldwide. Joshua Betz, the …

People Moves: Applied Financial Lines Adds 3; Sandbox Ventures Welcomes Chamness

Applied Financial Lines Names Noble, Owen and Dau Nebraska-headquartered specialty insurer Applied Underwriters has expanded its Applied Financial Lines unit with several key appointments. Kim Noble has been named vice president, Applied Financial Lines. Prior to joining Applied Financial Lines, …

Applied Underwriters to Buy Catlin Specialty From AXA XL

Applied Underwriters said it will acquire Catlin Specialty Insurance Company from the AXA XL group of companies. Applied said it will consolidate Catlin into the North American Casualty group of companies in a move intended to bolster Applied’s operating capabilities …

QBE Alleges Poaching of Aviation Team; Applied Underwriters Denies Wrongdoing

Insurer QBE has filed a lawsuit alleging a poaching scheme by a number of its former aviation division employees and specialty insurer Applied Underwriters. QBE’s complaint involves the resignation of a total of 13 employees in Atlanta, New York and …

Applied Sets Acquisition Completion of Alaska Timber Insurance Exchange

Applied Underwriters anticipates completing the acquisition of Alaska Timber Insurance Exchange as soon as the fourth quarter of 2021 as ATIE concludes its conversion from a reciprocal to a stock insurance company having received regulatory approval this past week. An …

Applied Underwriters Acquires Generali’s U.S. Specialty Lines Division

Applied Underwriters has acquired the U.S. Specialty Lines division of Generali Group including Generali Warranty Services, which offers extended warranty programs and contractual liability insurance services. Applied Underwriters said it will aggregate the specialty lines business into its newly-formed Applied …

New Mexico AG Opposes California’s Blocking of California Insurance Company’s Redomestication

New Mexico’s Attorney General has moved to intervene in a lawsuit in which the California Insurance Co.’s is fighting actions by the California Department of Insurance to block CIC’s redomestication to New Mexico. New Mexico Attorney General Hector Balderas, Jr. …

Applied Underwriters Finalizes Acquisition of UK MGA Concept Special Risks

Applied Underwriters, the Omaha, Neb.-headquartered insurer, announced it has completed the acquisition of UK managing general agent Concept Special Risks (CSR), after receiving regulatory approval. Financial details of the deal, which was first announced in February, were not disclosed. Founded …

Federal Court Won’t Intervene in Applied Underwriters Case Against California Regulator

A California federal court has declined to get involved with a lawsuit that Applied Underwriters and the California Insurance Co. filed against the California Department of Insurance. The case against the CDI is based upon a central claim that the …

Applied Underwriters Acquires Florida Casualty Insurance Co.

Florida Casualty Insurance Co. (FCIC), formerly Ashmere Insurance Co., has been acquired by Applied Underwriters and will become part of Applied’s national and international development plan. The newly re-branded, Ft. Lauderdale-based insurer, licensed in 41 states, will carry North American …