Applied Underwriters News

Applied Specialty Underwriters Names Black to Lead Middle Market Surplus Lines

Applied Underwriters has named John Black, Sr., CPCU, to lead its expansion into middle market surplus lines. As executive vice president of the newly-expanded Applied Specialty Underwriters, Black, who has 35 years of underwriting experience, will focus on middle market …

Applied Underwriters Continues Major Expansion with D&O Unit Headed by AIG’s McGill

Fast-growing specialty lines insurer Applied Underwriters announced the creation of a U.S. based division of its Applied Financial Lines business unit to provide directors and officers (D&O) coverages in the U.S. The new D&O division will be under the direction …

Applied Underwriters Hires 3 from AIG to Lead New Fine Art and Collectibles Unit

Insurer Applied Underwriters has named three executives from AIG’s Private Client Group to develop its new Applied Fine Art and Collectibles business unit that is based in New York. Ronald Fiamma will serve as president of Applied Fine Art and …

Applied Underwriters Sues California Over ‘Bad Faith’ Insurer Conservatorship Plan

Workers’ compensation specialist Applied Underwriters is suing California Insurance Department officials to halt a state plan its says would force its workers’ compensation partner California Insurance Co. (CIC) to stop doing business in the state and would damage Applied Underwriters’ …

Applied Underwriters’ Centauri Files $30M ‘Poaching’ Suit Against Wellington Insurance

A Florida-based managing general agency has filed a $30 million poaching lawsuit against three former executives and the agency they jumped to while it was in the process of being acquired. Centauri Specialty Insurance Holdings (CSIH) and Centauri Specialty Managers …

Group Sues California Commissioner over Public Records of Dealings with Insurance Executives

A non-profit consumer group announced on Tuesday it has filed a lawsuit to compel California Insurance Commissioner Ricardo Lara and the California Department of Insurance to hand over records of Lara’s meetings and communications with insurance companies. The lawsuit was …

New Mexico Explains Role in Enabling Applied Underwriters Sale

The growing drama behind the $920 million sale of Berkshire Hathaway-owned Applied Underwriters to its founder Steven Menzies got another voice added to the story. The New Mexico Office of Superintendent of Insurance on Thursday said New Mexico facilitated the …

Applied Underwriters Responds to California Department of Insurance Effort to Halt Sale

Applied Underwriters executives have responded to efforts by the California Department of Insurance to halt the sale of one of its subsidiaries and threaten to upend a reported $920 million deal that’s been in the works for some time. The …

California Balks at Applied Underwriters Sale, Questions Subsidiary’s Move to New Mexico

The California Department of Insurance has denied an application for approval of the sale of California Insurance Co., a subsidiary of Applied Underwriters that was sold in a massive deal that has been under scrutiny over ties to campaign contributions …

Consumer Watchdog: California Commissioner’s Calendar Suggests He Made Contact in ‘Pay to Play’

Calendar entries and documents show that California Insurance Commissioner Ricardo Lara, not his fundraiser, made first contact with an agent of a workers’ compensation insurance company offering political support in conjunction with seeking approval for a change of control in …