Middleton, Wis.-based Capitol today announced the formation of its new Specialty Markets Division. The focus of the division will be specialty property and casualty insurance programs throughout the U. S. The division will write property, inland marine, crime, general liability, umbrella and package business. According to the company release, both admitted and surplus lines products will be sold through Capitol’s three insurance companies.
Typical property limits will be less than $20 million per location and involve primary and umbrella business up to $5 million. Ron Mayor and Dominick Tassone will head the Division and will be responsible for the development, profitability and growth of this new unit. Both will report to James J. McIntyre, president and COO. McIntyre said that “Capitol will work with general agents, independent agents and other potetnital business partners to develop new program business.”
Both Mayor and Tassone join Capitol with more than 25 years of underwriting, marketing and management experience in the program property and casualty insurance industry..
Capitol is a national underwriter of specialty insurance products in niche areas of the commercial property and casualty and the fidelity and surety markets.
Source: Capitol
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