AmTrust E&S Insurance Services, a wholly-owned subsidiary of AmTrust Financial Services, Inc., has launched an excess casualty underwriting division.
In a statement, AmTrust said that the new unit would expand the product offerings of AmTrust E&S, an excess and surplus underwriter of specialty insurance.
To lead the new business unit, AmTrust E&S hired Jeff Lynn.
"We are pleased to formally announce the launch of our excess casualty team, further expanding the company's specialty focus and reflecting our continued commitment to broadening the products and services that we are able to provide to our brokers," said David Lewis, president of AmTrust E&S Insurance Services. "The timely launch of the new platform comes as the market continues to see disruption from redeployment of limits, reduction in capacity, and price increases, presenting a strong growth opportunity for the company and our trading partners."
AmTrust said that the new business unit would write excess liability, both supported and unsupported in all 50 states, offering limits up to $25 million to small and medium-sized U.S. companies spanning a broad range of industries including manufacturing, contracting, habitational, hospitality, commercial real estate owners and operators, retail stores, and wholesale distributors.
Mr. Lynn joined AmTrust from Everest Reinsurance in Los Angeles, where he served as a vice president, excess casualty manager. During his tenure at Everest, he was responsible for leading a team of underwriters in the company's Western Region with a focus on construction, agriculture, energy, and general casualty.
Prior to joining Everest, Mr. Lynn worked with Ironshore Insurance Services in Los Angeles, where he managed a territory and underwrote the construction, transportation, energy, public entity sectors, and a specialty casualty business, utilizing filed and manuscript forms.
Previously, he held positions at The Hartford, Swiss Reinsurance, AIG, and Aon.
Duffy Koller, executive vice president and a member of the AmTrust E&S board of directors, said, "We are delighted to announce that an individual of Jeff's quality, experience, and reputation is joining our organization to lead the excess team. We have absolute confidence in Jeff as we look to build out this division in terms of both headcount and gross premiums written."
Learn more: www.amtrustes.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].