Applied Underwriters Inc. News

Florida’s Centauri Insurance Keeps ‘A’ Rating, Plans Expansion After Applied Acquisition

Centauri insurance companies (Centauri Specialty Insurance Co. and Centauri National Insurance Co.) have sustained their financial stability rating of “A” (Exceptional) from Demotech, after being strengthened financially through its recent acquisition by Applied Underwriters, the company said in a statement. …

Applied Underwriters’ Centauri Insurance Acquires Gulfstream Renewals

Applied Underwriters’ Centauri Insurance has acquired the renewal rights to approximately 16,700 policies across Alabama, Louisiana, and South Carolina from Gulfstream Property and Casualty Insurance Co. and Gulfstream Select Insurance Co. (collectively, Gulfstream). The transaction is expected to diversify Centauri’s …

Applied Underwriters Acquires Oklahoma Property and Casualty Insurance

Applied Underwriters’ affiliate, North American Casualty Co., has completed its acquisition of Oklahoma City-based Oklahoma Property and Casualty Insurance Co. (OP&C). Applied Underwriters plans to make various changes with respect to OP&C, as well as the Texas Insurance Co. (TIC), …

Applied Underwriters Forms EU Subsidiary for Specialty Business in Europe, Middle East

Omaha-based insurer Applied Underwriters Inc. announced it has formed Applied Financial Lines Ltd., a new European subsidiary, which will operate from Paris and Cologne. The new company will underwrite several specialty lines, including professional indemnity and directors and officers, in …

Illinois Fines Continental Indemnity, Applied Underwriters $250K for Unapproved Sales

Two former Berkshire Hathaway companies have been hit with a $250,000 fine by Illinois regulators for selling unapproved workers’ compensation policies to small businesses. The Illinois Department of Insurance says Continental Indemnity Company and Applied Underwriters Inc. also overcharged some …

Applied Underwriters to Acquire Blue Ridge of South Carolina

Blue Ridge Specialty Group of Greenfield, South Carolina, a managing general underwriter specializing in trucking -related risks, has been acquired by Applied Underwriters, according to Applied Chairman and CEO Steve Menzies. Blue Ridge, which works with agents and brokers, will …

Applied Underwriters Sold to Founder in $920M Deal

Applied Underwriters Inc. and its subsidiary North American Casualty Co. has reportedly been acquired by Applied Underwriters founder Steve Menzies, who was joined in the acquisition by the Quasha Group led by Quadrant Management. The deal is valued at $920 …

Applied Underwriters’ Workers’ Comp Business Faulted by California Regulator

California’s insurance commissioner said a Berkshire Hathaway Inc. insurance business evaded a state law designed to protect small businesses from unexpected workers’ compensation costs. Commissioner Dave Jones faulted Berkshire’s Applied Underwriters Inc. and California Insurance Co. units over the sale …

Vermont Fines Continental Indemnity for Workers’ Comp Premium Overcharges

Vermont Department of Financial Regulation Commissioner Susan L. Donegan announced on Feb. 26 that Continental Indemnity Co., a subsidiary of Applied Underwriters Inc., a Berkshire Hathaway Company, has paid Vermont $335,000 and owes 16 Vermont businesses an additional $352,000. The …