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New Surplus Firm Takes Cautious Route

With $145 million in capital, Rock Hill doesn't want to be seen as coming into the marketplace and "causing disarray" because it failed to make intelligent use of the cash, explained Terry Younghanz,

By Daniel Hays | Updated on January 09, 2006

Phoenix–Sixty days after opening for business, the boss of the nation’s newest surplus lines insurance operation said it is doing fine, “but we’re crawling”–and that’s according to plan.

With $145 million in capital, Rock Hill doesn’t want to be seen as coming into the marketplace and “causing disarray” because it failed to make intelligent use of the cash, explained Terry Younghanz, Rock Hill chief executive officer and president.

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