“Arrowhead E&S is building a property and underwriting platform with a management team with a long track record in multiple E&S and specialty underwriting segments,” says Tom Kussurelis, Arrowhead EVP and COO. “This world-class operations/technology platform performs not only in today’s market, but will deliver sustained profitability for years to come.”
“Arrowhead E&S will benefit from National Programs’ scale and depth of expertise, including product development, actuarial, data and analytics, technology and distribution,” says Murray. “We’ll also tap into National Programs’ marketing, distribution, operations, compliance, finance and accounting services. These functional centers of excellence will enable us to scale up quickly and offer product enhancements to achieve growth.”
The Arrowhead E&S program is partnered with Obsidian, a program-fronting carrier whose platform exclusively supports the expanding market needs of managing general agents, managing general underwriters and program administrators, connecting them with highly rated reinsurers looking to allocate their capital to high-quality primary layers.
“We’ve worked with Arrowhead and Bill on this initiative for quite some time,” says Bill Jewett, Obsidian CEO. “We are excited to partner with Arrowhead and our supporting reinsurers to establish a best-in-class excess casualty E&S underwriting facility.”
Murray brings more than 30 years of industry experience to Arrowhead. His previous positions include general manager at Church Insurance Co. as well as senior roles at major E&S and specialty carriers including Genstar, WR Berkley and HCC. He launched Berkley’s E&S specialty operation and has a significant track record of profitable performance over both hard and soft markets.
Also, Rich Collins was named vice president of operations. Collins also has more than 30 years of industry experience, with a track record of profit at General Re (Genstar) and WR Berkley while working with startup initiatives. He brings technical expertise in operations, forms and rates plus an in-depth understanding of policy administration systems and implementation.
Headquartered in San Diego, Arrowhead General Insurance Agency Inc., is one of the largest national insurance program managers for commercial and personal products in the U.S., with $1.6 billion written premium in 2020. Arrowhead's relationships with over 20 top-ranked insurance carriers provide stability for its nationwide network of agents. Arrowhead is part of National Programs, a division of Brown & Brown Inc.