Global specialty property and casualty insurer, AmTrust, has appointed Steve Jennings as Senior Vice President, Underwriting, to oversee its Nonprofits Practice, as well as a newly created dedicated Residential Real Estate Practice.
Jennings has deep experience in residential real estate, human services, and other niche businesses. He joins the company after spending over a decade working at Philadelphia Insurance Companies where his most recent position was Vice President and Senior Lead, Field Underwriting, Eastern United States.
Prior to that, Jennings was Senior Vice President at Aon and, earlier, served as a Vice President in the Commercial Risk Management Group for Wells Fargo Insurance Services.
He began his career in the insurance industry with Federated Insurance in the greater Atlanta area where, over a 12-year period, he rose to the level of Senior Leader for the Southeastern U.S. Underwriting Function.
Commenting on his appointment Jennings said: “I am especially pleased to be joining an already strong Nonprofits Practice and to be taking on the new challenge of building a Residential Real Estate Practice for AmTrust.
“Our parallel goals will be to meet the unique needs of mission-driven organisations and residential property managers while looking to expand our services opportunistically and add more niche classes of business over time.”
Jeff Duncan, Executive Vice President, Commercial Lines, said: “Our new dedicated Residential Real Estate Practice will focus on the unique risk management needs of the owners and managers of residential properties, ranging from small apartment buildings to nationwide portfolios.
“It brings our existing residential business into a unit that will provide underwriting expertise, customised products, and deep knowledge of the market. Our launch of this group, with Steve Jennings in the lead, underscores AmTrust’s long-term commitment to residential real estate professionals and the agents who serve them.”
