Applied Underwriters today announced the unveiling of United Risk and the naming of former SiriusPoint CEO and industry leader Dan Malloy to head the newly consolidated enterprise.
Tag: Applied Underwriters
Applied Underwriters Announces Across-the-Board 10% Salary Raise for Staff to Help Combat Inflation
Mr. Steve Menzies, Chairman, Applied Underwriters, today announced that the Company has increased staff salaries across the board by 10% to keep up with inflation and its implications. The dramatic adjustment, far outpacing industry averages, came as predictions of inflation made by the Company’s lead economist, Dr. Justin Smith, speaking at a leadership panel in… Continue reading Applied Underwriters Announces Across-the-Board 10% Salary Raise for Staff to Help Combat Inflation
Applied Underwriters Acquires Catlin Specialty Insurance Company
Applied Underwriters has announced that it will acquire Catlin Specialty Insurance Company (‘A+’ rated) from the AXA XL group of companies, consolidating the company into the North American Casualty group of companies (‘A’ rated) in a move intended to bolster Applied’s operating capabilities in support of its strategic partners as the E&S market hardens. The… Continue reading Applied Underwriters Acquires Catlin Specialty Insurance Company
Applied Underwriters Sets Acquisition of Generali’s Specialty Lines Division
Mr. Steve Menzies, Chairman, Applied Underwriters, today announced that the Company has acquired the US Specialty Lines Division of Generali Group, which includes Generali Warranty Services, LLC, a fully licensed obligor. This is the latest in an ongoing series of Applied acquisitions. Applied Underwriters will aggregate the Specialty Lines business into its newly formed Applied… Continue reading Applied Underwriters Sets Acquisition of Generali’s Specialty Lines Division
Applied Underwriters Forms International Fine Art and Collectibles Business Unit with Former AIG Execs
Mr. Steve Menzies, CEO of Applied Underwriters, Inc., announced today that the Company has named three top executives to architect and develop its newly formed Applied Fine Art & Collectibles business unit. According to Mr. Menzies, Messrs. Ronald Fiamma, Rand Silver and Christopher Walsh have joined the Company to create the preeminent global provider of… Continue reading Applied Underwriters Forms International Fine Art and Collectibles Business Unit with Former AIG Execs
California Puts Former Berkshire Insurance Unit Under State Control
California regulators seized an insurer formerly owned by Warren Buffett’s Berkshire Hathaway Inc., the latest twist in a continuing dispute about whether its sale of the company violated that state’s insurance regulations. The California Department of Insurance said Tuesday that California Insurance Co., one of the insurance companies owned by workers’ compensation insurer Applied Underwriters,… Continue reading California Puts Former Berkshire Insurance Unit Under State Control
Buyout of Berkshire Hathaway Insurance Unit Under Scrutiny
A former insurance subsidiary of Warren Buffett’s Berkshire Hathaway Inc. sparred with the California Department of Insurance on Monday about whether its recent sale violated state insurance regulations. Applied Underwriters, a workers’ compensation insurer, said Wednesday that its co-founder Steve Menzies and Quadrant Management bought the company, including the 81% owned by Berkshire, for $920… Continue reading Buyout of Berkshire Hathaway Insurance Unit Under Scrutiny
Berkshire Hathaway Completes Sale of Applied Underwriters
Billionaire Warren Buffett’s company has completed the sale of one of its smaller insurance companies. Berkshire Hathaway said in a filing with the Securities and Exchange Commission Tuesday it has sold Applied Underwriters, which sells workers’ compensation insurance. Buffett said in February he agreed to take the unusual step of selling Applied Underwriters because it’s… Continue reading Berkshire Hathaway Completes Sale of Applied Underwriters