United America Indemnity Ltd. (UAI), based in the Cayman Islands, appointed Scott Reynolds as president of United National Group, one of UAI’s three U.S. divisions. The appointment is effective July 28, 2008.
Reynolds will report directly to Larry A. Frakes, president and CEO of UAI and its wholly owned subsidiary, United America Indemnity Group Inc.
“Scott’s extensive experience within the wholesale distribution community and specifically in the program arena coupled with his actuarial acumen will be a tremendous asset as we continue to enhance our products and expand our program administrator relationships within the United National Group,” said Frakes. “While UAI’s United States divisions are separate and distinct, in total their operations offer wholesale producers a broad array of excess & surplus lines and specialty admitted products that can be underwritten on either a binding authority, brokerage or program basis.”
Reynolds has more than 20 years of industry experience and most recently served as president of the Specialty Underwriting Division of AmWINS Group Inc., where he oversaw AmWINS’ program business. From 2002 through 2006, Reynolds served as chief actuary of AmWINS.
Prior to his time at AmWINS, Reynolds was a manager at Royal & Sun Alliance responsible for all commercial lines pricing, filings and statistical reporting. Reynolds began his career in 1987 at Royal & Sun Alliance within its actuarial department and later served as division actuary of Liberty Mutual’s Business Markets Division. Reynolds received his Bachelor’s of Science in Statistics from Appalachian State University and is an Associate of the Casualty Actuarial Society.
UAI also announced today that the principal offices of the United National Group will be located in Charlotte, N.C., where Reynolds will also be based.
“With the addition of this new location, UAI’s U.S. businesses now have facilitates in six states (North Carolina, Pennsylvania, California, Arizona, Michigan and Illinois),” said Frakes. “The geographic dispersion of our physical locations allows us to better distribute our products and services to all 50 states.”
Source: United America Indemnity Ltd.