Delos and Avoca Launch Underwriting Partnership

Delos Insurance Group and Avoca Insurance Holdings have launched a joint venture focused on underwriting excess and specialty lines.

The newly formed, Boston-based underwriting management company will be known as Naxos Avondale Specialty Casualty Inc. It will be the exclusive excess and surplus lines (E&S) underwriting manager for Naxos Insurance Co., the wholly owned E&S subsidiary of New York-based Delos Insurance Group.

The venture will primarily write a broad range of classes with a focus on small to mid-sized specialty casualty lines of business.

Chris Maciejewski, most recently president of Aspen Specialty Insurance Co., will head Naxos Avondale. David Lewis, formerly with Aspen Specialty and The Hartford, will serve as chief underwriting officer.

Business will be sourced through wholesale brokers, and the company will work closely in its distribution efforts with Avoca subsidiary Avondale Insurance Associates.

Source: Delos Insurance Group

Topics Mergers & Acquisitions Excess Surplus Underwriting