Lighthouse Underwriters Sells Retail Non-Profit Book to Cooley and Darling

Cooley and Darling Insurance Agency Inc. (www.cd-insure.com), a new retail agency based in Haymarket, Va., has acquired the retail book of non-profit business from Lighthouse Underwriters LLC, a member company of U.S. Risk Insurance Group Inc.

Cooley and Darling Insurance Agency Inc. was established by two former Lighthouse employees, Andy Cooley and Jeff Darling. Before forming Cooling and Darling Insurance Agency, Cooley managed the non-profit book and Darling managed the Take1 Program. They will assume all renewal rights for the entire retail non-profit book, according to Lighthouse Underwriters.

“While we have divested our interest in our retail non-profit book of business we will continue to offer the non-profit coverage on a wholesale basis,” said Art Seifert, CEO of Lighthouse Underwriters.

“We are still working in non profit through our retail base, but will no longer offer our direct consumer book,” April Moser, spokesperson for U.S. Risk, told Insurance Journal. “That was the only book out of our entire organizational structure that we had a direct relationship with the consumer so it didn’t fit with our business model.”

With the departure of Darling, Lighthouse Underwriters announced that it has appointed Scott Carroll as the new program manager for Take1. Carroll is branch manager of the U.S. Risk office in Irvine, Calif., and will assume the additional duties of program manager for the Lighthouse Take1 program.

Carroll has more than 20 years experience in the insurance industry and previously held the position of vice president and branch manager for Chubb Custom, Los Angeles, Calif., where he specialized in underwriting and managing a substantial book of entertainment business.

Source: U.S. Risk Insurance Group, www.usrisk.com

Topics Mergers & Acquisitions USA Profit Loss Underwriting