Applied Underwriters News

Nebraska’s Applied Underwriters Promotes 4 in Actuarial Department

Justin Smith, Jing Hong, Joan Klucarich and Jordan Comacchio have been promoted at Omaha, Nebraska-based global insurance and risk services firm Applied Underwriters, which is expanding its actuarial faculty and resources. Smith was named chief underwriting officer; Hong, chief actuary; …

Applied Underwriters Closes on Acquisition of Centauri Insurance Companies

Applied Underwriters has completed its acquisition of Centauri Specialty Insurance Co. and Centauri National Insurance Co., based in Sarasota, Florida. Florida, Louisiana and Texas regulators have approved the transaction. The deal took nine months to close. Terms were not disclosed. …

Applied Underwriters to Acquire UK Yacht Insurance MGA, Concept Special Risks

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, …

Applied Specialty Underwriters Names Black to Lead Middle Market Surplus Lines

Applied Underwriters has named John Black, Sr., CPCU, to lead its expansion into middle market surplus lines. As executive vice president of the newly-expanded Applied Specialty Underwriters, Black, who has 35 years of underwriting experience, will focus on middle market …

Applied Underwriters Continues Major Expansion with D&O Unit Headed by AIG’s McGill

Fast-growing specialty lines insurer Applied Underwriters announced the creation of a U.S. based division of its Applied Financial Lines business unit to provide directors and officers (D&O) coverages in the U.S. The new D&O division will be under the direction …

Applied Underwriters Hires 3 from AIG to Lead New Fine Art and Collectibles Unit

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 …

Applied Underwriters Sues California Over ‘Bad Faith’ Insurer Conservatorship Plan

Workers’ compensation specialist Applied Underwriters is suing California Insurance Department officials to halt a state plan its says would force its workers’ compensation partner California Insurance Co. (CIC) to stop doing business in the state and would damage Applied Underwriters’ …

Applied Underwriters’ Centauri Files $30M ‘Poaching’ Suit Against Wellington Insurance

A Florida-based managing general agency has filed a $30 million poaching lawsuit against three former executives and the agency they jumped to while it was in the process of being acquired. Centauri Specialty Insurance Holdings (CSIH) and Centauri Specialty Managers …

Group Sues California Commissioner over Public Records of Dealings with Insurance Executives

A non-profit consumer group announced on Tuesday it has filed a lawsuit to compel California Insurance Commissioner Ricardo Lara and the California Department of Insurance to hand over records of Lara’s meetings and communications with insurance companies. The lawsuit was …

New Mexico Explains Role in Enabling Applied Underwriters Sale

The growing drama behind the $920 million sale of Berkshire Hathaway-owned Applied Underwriters to its founder Steven Menzies got another voice added to the story. The New Mexico Office of Superintendent of Insurance on Thursday said New Mexico facilitated the …