Ariel Specialty will commence underwriting E&S property business on March 1st, 2015, with business being written through wholesale brokers only on a limited appointment basis and on behalf of Ariel’s Lloyd’s Syndicate 1910. The new E&S property underwriting unit underwriting will be headquartered in Atlanta with regional underwriting capability in Kansas City, Mo., Dallas, and Orlando, Fla.
Ariel Specialty will offer up to $20 million in limits for all risk, named storm and wind/hail property coverage on business with total insured values (TIV) in the range of $5 million to $250 million and with a focus on property in coastal areas of Florida and the broader South East Atlantic and Gulf coasts of the USA.
The business will operate with a team of underwriters reporting to Colin Mayo, EVP and chief underwriting officer.
According to Tom Hulst, CEO of Ariel Re Bda, “Ariel Specialty will further equip the Ariel group and its Lloyd’s Syndicate 1910 to successfully navigate the market and capitalize on growth opportunities as they present themselves.”
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