The Midland Company, a provider of specialty insurance products headquartered in Cincinnati, Ohio, has forged a deal with the U.S. subsidiary of London-based insurance brokerage firm, Bell & Clements Limited, to provide excess and surplus lines coverages throughout the U.S.
The business will be written through Midland’s primary insurance subsidiary, American Modern Insurance Group, with the majority of the business consisting of property risks.
John W. Hayden, Midland’s president and CEO said Bell & Clements has a solid profit history and expertise in the target lines.
Additionally, it was seeking to partner with a U.S. company experienced in the specialty insurance marketplace. Hayden said American Modern, with its strong ties to “an extensive network of U.S. general agents” was a natural fit.
Hayden added that Bell & Clements’ products and underwriting philosophies are complementary with Midland’s and predicted the alliance would be “extremely important to The Midland Company and our subsidiaries over the next several years and beyond because it aligns perfectly with our key growth and operating strategies.”
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