N.Y.-Based Preferred Concepts Hires Senior Property Underwriter

August 13, 2012

Preferred Concepts LLC, a program underwriter and specialty insurance broker based in New York City, has appointed Robert Lynch as senior vice president and senior property underwriter for its Preferred underwriting division.

In his new role, Lynch is responsible for the firm’s proprietary property program. He brings over 30 years of underwriting experience to Preferred’s real estate and hospitality team.

His most recent background includes the co-founding of First Capital Group, a program management operation which he helped grow and manage through two acquisitions to its present profile as First General Agency. His previous experience includes roles of increasing underwriting authority at American Home, Starr Associates and World Trade Services.

Founded in 1989, Preferred Concepts’ operating divisions include: Preferred Underwriting, a program division specializing in real estate and hospitality risks; Preferred Brokerage, specialty brokerage services; Preferred Advantage, professional liability services for risks and small business P/C insurance; ezumbrella.com, an online umbrella liability platform; and SeaFire Insurance Services, an auto risk coverage provider for auto dealers and repair shops. The firm is headquartered in New York City, with additional offices in Connecticut, Georgia and Kansas.

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