Surplus lines insurer General Star announced it is combining its contract Property/Casualty and Errors & Omissions divisions into a new delegated business division under the leadership of Matt Brown. The new division will be comprised of the existing contract P&C unit and a new programs unit.
The new programs unit will manage all fully delegated programs for General Star. It will consist of the existing professional E&O program business currently managed by Tom Gersch, General Star Chicago, as well as the programs in the casualty division.
The P&C division offered property, inland marine and general liability coverage nationwide, on a non-admitted basis.
The new structure will be become effective January 1, 2016.
“The evolution of the E&S marketplace has resulted in an emerging role for program administrators and aggregators in the placement of homogenous business,” said Matt Brown, vice president and division manager. Brown said General Star is making the changes to serve all of its clients, including program administrators and aggregators.
Marty Hacala, General Star chairman, president and CEO, said that with these changes, all of the company’s fully delegated business will be managed in a single division dedicated to delegated business. “This ensures that we are managing our delegated program business in the best possible way and sends the strongest message possible to the market about our commitment to the program space,” he said.
General Star Indemnity Co. is an eligible surplus lines insurer in all states, the District of Columbia, Puerto Rico, and the Virgin Islands.
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