Ind. Protective Insurance Enters into Agreement with Paladin Catastrophe

Indianapolis-based Baldwin & Lyons, Inc. announced that its subsidiary, Protective Insurance Company, has entered into an agreement with newly formed Paladin Catastrophe Management to produce property catastrophe reinsurance in the United States.

Paladin Catastrophe Management will solicit and underwrite selected business on behalf of Protective. Paladin’s operations will be managed by David Ingrey from offices in Chester, N. J. and will be a broker market only, targeting regional catastrophe business in the U.S., other than Florida hurricane and California earthquake exposed business. Paladin will also consider specific terrorism reinsurance, as well as property per risk and property aggregate stop loss programs.

Ingrey has specialized in reinsurance property underwriting for Arch Reinsurance and F&G/St. Paul Re for the last ten years. Gary W. Miller, CEO of Baldwin & Lyons, Inc. said, “While Protective has been involved in the property catastrophe markets for over a decade, we are looking forward to our new arrangement with Paladin and David Ingrey to provide us with greater diversification in this market.”

Baldwin & Lyons, Inc., based in Indianapolis, Ind., is a specialty property-casualty insurer with a leading position in providing liability coverage for large and medium-sized trucking fleets. Additionally, the company’s product offerings include coverage for non-standard private passenger automobile and small fleet trucking as well as a limited program of reinsurance assumed.