Applied Underwriters has created a US-based division of its Applied Financial Lines business unit to offer a range of D&O coverages across the country.

The announcement comes close on the heels of the company’s purchase of the renewal rights of StarStone’s financial lines book of business.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

This new division will be led by president Stephen McGill, who previously served as the chief underwriting officer for AIG’s Validus Specialty Group and group head of professional lines at ARGO.

McGill noted that the new division’s concentration will prove beneficial to participants in several of its aspects.

He said: “Our initial target business will focus upon D&O liability, both primary and excess. Over time we will add miscellaneous professional liability, and other professional liability segments including architects and engineers, accountants, agents and brokers, and lawyers.

“We have begun to assemble great talent at the front end of the new operation, supported incredibly well by Applied’s substantial operation in Omaha and by its most forward looking leadership.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Meanwhile, Applied Financial Lines’ International Division will operate from Paris and Cologne to underwrite various specialty lines in the European Union and in the Middle East.

It will be led by Jeroen Claesen, who will be based in Paris.

Applied Underwriters CEO Steve Menzies said: “We have begun to assemble powerful industry resources company wide and now welcome Steve McGill, an accomplished professional, through whom we look forward to serving a growing number of agents and brokers and their clients in the critical D&O sector.”

In 2019, Berkshire Hathaway offloaded Applied Underwriters to Steve Menzies and an investment firm in a deal valued at $920m.