Breckenridge Insurance Group has formed Blue River Underwriters, a program business facility. Blue River will manage and underwrite Breckenridge’s specialty program business.
The new facility will open in Breckenridge’s suburban Atlanta headquarters, but the company will continue to operate underwriting centers in Fresno, Calif., St. Louis and Las Vegas.
Breckenridge already offers 10 specialty insurance programs to retail agents and brokers. With the formation of Blue River, the company will roll out additional programs throughout 2012.
Joseph Filardo, executive vice president for programs of Breckenridge Insurance Group, the parent company of Blue River Underwriters, will head up the new facility.
Two new insurance veterans are also joining Breckenridge and will be based out of Kennesaw, Ga. Michael Marks will be the chief property underwriting officer, and Jared Marthis will be a vice president.
Marks has previously held executive positions with AIG and Markel and recently managed a $25 million property portfolio. Mathis has held underwriting and account management positions with surplus lines/excess brokerage firms and most recently directed a $10 million commercial property portfolio.
“Blue River will enable Breckenridge to accelerate its growth in the program business sector especially with the expertise in the commercial property markets that Michael and Jared bring to our organization,” said Rick Parsons, senior vice president of Breckenridge.