Watford Specialty Insurance Company (“WSIC”) has acquired a previously-dormant insurance company that holds admitted insurance licenses in all 50 states and the District of Columbia.
This carrier has been renamed Watford Insurance Company (“WIC”) and has re-domesticated to New Jersey, WSIC's domicile state.
According to WSIC, WIC's liabilities relating to pre-acquisition business are fully reinsured pursuant to a 100 percent quota share agreement with The Hanover Insurance Company.
WSIC was advised in the transaction by Sutherland, Asbill & Brennan LLP and Westmont Associates, Inc.
Learn more: http://www.watfordre.com/.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].