Pioneer Underwriters News

K2 Insurance Services Launches International Re/insurance Platform in London

K2 Insurance Services, the underwriting and distribution specialist in the U.S. program insurance market, announced the launch of K2 International, a specialty insurance and reinsurance underwriting platform, based in London. K2 International has been created through the acquisition of Pioneer …

K2 Insurance Services Completes Purchase of MGA Pioneer Underwriters

K2 Insurance Services LLC, the specialty insurance services holding company, has completed the purchase of Pioneer Underwriters, the London-based managing general agency. The deal was facilitated with a portfolio transfer, whereby Pioneer’s ongoing underwriting portfolio, together with underwriting and support …

K2 Insurance Agrees to Acquire Pioneer Underwriters’ Portfolio

Pioneer Underwriters, the managing general agency, and K2 Insurance Services LLC, the specialty insurance services holding company, announced they have signed terms for a portfolio transfer, to facilitate K2’s purchase of Pioneer. Under the transaction, Pioneer’s ongoing underwriting portfolio, together …

K2 Insurance of U.S. to Acquire UK’s Pioneer Underwriters

California-based specialty insurance holding company K2 Insurance Services is acquiring London-based Pioneer Underwriters. Pioneer will form the cornerstone for a new international platform of K2. This will initially include the Pioneer offerings in property catastrophe reinsurance, financial institutions, international property …

Pioneer Underwriters Decides to Put Lloyd’s Syndicate 1980 into Run-Off

Pioneer Underwriters has decided to put its Lloyd’s Syndicate 1980 into run-off after completing an examination of “strategic and capital options for 2020.” Pioneer said it will be working with Asta, the managing agency of Syndicate 1980, to ensure a …

Pioneer Underwriters Names Former XL Catlin Executive Greggains as Its U.S. CEO

Pioneer Underwriters, the underwriting group within Minova Insurance Holdings, announced it has appointed Nick Greggains as CEO of Pioneer’s U.S. operation, effective March 25. Greggains succeeds current U.S. CEO Gene Hinman, who will become president of Pioneer US until his …

Pioneer Underwriters Creates Single Global Platform for Financial Institutions

Pioneer Underwriters announced it has unified its financial institutions (FI) businesses into one global underwriting operation. Richard Coello leads the global FI team which will be responsible for all FI business written by Pioneer, utilizing the same capital base to …

Pioneer Taps XL Catlin’s McMellin as CEO; Douetil Becomes Chairman, as Taylor Retires

Pioneer Underwriters appointed Andrew McMellin as chief executive officer, effective Oct. 8, 2018 and pending regulatory approval. Dane Douetil, CEO of Pioneer’s parent company, Minova Insurance Holdings Ltd., and currently CEO at Pioneer, will become chairman of the business. Max …

Pioneer Underwriters Names Gaffney Chief Operating Officer

Pioneer Underwriters has appointed Simon Gaffney as group chief operating officer, He will report to Dane Douetil, group chief executive officer of Pioneer, and be based in London. Gaffney has two decades of experience in the insurance broking industry, including …

Pioneer Adds Sarnoski as Senior Underwriter on West Coast

Pioneer Underwriters has named Dave Sarnoski senior underwriter in its miscellaneous, technology and cyber liability division. Sarnoski reports to David Lucey, vice president of the division, and will be responsible for errors and omissions liability business within the West Coast …