Reinsurance News
Core Specialty
Core Specialty names President of newly formed Equine Division
14th April 2022
Core Specialty Insurance Holdings has announced the appointment of Kevin Eagen who joins the company as President of its newly formed Equine Division. Equine Division represents Core Specialty's 11th Specialty Business Unit. In a press release, it states that Equine Division offers a variety of products, including equine mortality, loss of use, ... Read the full article
Core Specialty hires Ambac’s Scott Snyder to lead new Fronting Division
7th March 2022
Core Specialty Insurance Holdings, Inc. has hired Scott Snyder as President of Fronted Programs, as the carrier launches its Fronting Division in "recognition of the magnitude and relevance of this line of business" to the company. In 2021, Core Specialty notes that this business line generated $441 million of gross written ... Read the full article
Core Specialty completes merger combination with Lancer
3rd January 2022
Specialty property and casualty (P&C) insurers Core Specialty has now completed its previously announced merger combination with commercial auto specialist Lancer Insurance Group, growing its business into one holding pro forma capital of over $1.1 billion. The merger was announced back in April 2021, with Lancer expected to operate as ... Read the full article
Core Specialty inks underwriting arrangement with DUAL
21st April 2021
Core Specialty Insurance Holdings has announced a new underwriting arrangement with DUAL Commercial that will provide primary and excess professional liability limits for qualified classes of business. DUAL is specialty program manager in the Property, Casualty, and Financial Lines marketplace and its hoped this partnership will build on its existing underwriting ... Read the full article
Core Specialty to combine with Lancer
16th April 2021
Specialty property and casualty (P&C) insurers Core Specialty and Lancer Insurance Group have announced plans to combine their companies in a stock and cash deal. The transaction, which is to be structured as a merger, will see Lancer operate as a separately managed Division of Core Specialty, retaining the Lancer brand ... Read the full article
Integral ILS partners with Amwins & Core Specialty on new US property program
18th March 2021
Independent insurance-linked securities (ILS) fund manager, Integral ILS Ltd., has launched a new U.S. property insurance program with risks underwritten by Amwins and policies issued via subsidiaries of Core Specialty Insurance Holdings, Inc. Integral is set to assume U.S. catastrophe risk originated from Amwins' MGAs, including Amwins Access, Seacoast Brokers, Special ... Read the full article
Core Specialty hires Mary Kotch as Chief Information Officer
16th February 2021
Specialty insurance carrier Core Specialty Insurance Holdings has appointed Mary Kotch as Chief Information Officer. Kotch has over 20 years' experience in strategic technology innovation, application shared services, managing a global project management office, infrastructure, architecture, and digital and data management. She previously served in senior executive technology roles at Aspen Insurance ... Read the full article
Core Specialty recruits Fischer to lead Agriculture Reinsurance Division
8th February 2021
Specialty insurance carrier Core Specialty Insurance Holdings has announced the appointment of William R. Fischer to lead its newly formed Agriculture Reinsurance Division. Fischer joines from AIG Reinsurance, where he served as Senior Vice President of Agriculture. In total, he has 25 years of experience in the crop reinsurance business. "Bill has a ... Read the full article
Core Specialty enters underwriting agreement with Celerity Pro
26th January 2021
Core Specialty Insurance Holdings has created a new underwriting arrangement with Celerity Pro to provide Directors and Officers Liability insurance solutions for the United States management liability market. This new arrangement was affective from January 11. The program will be available to the wholesale market in the Northeast and Mid-Atlantic regions ... Read the full article
Core Specialty names Van Spanos as new VP
22nd January 2021
Specialty insurance carrier Core Specialty Insurance Holdings has appointed Van Spanos as Vice President. He will be leading its newly formed excess & surplus (E&S) primary Product Liability group and will be responsible for managing all facets of this business. This will include direct oversight over the underwriting team dedicated to the ... Read the full article
Core Specialty, Lancer Management launches excess transportation program
15th January 2021
Core Specialty has secured a new partnership with Lancer Management Company and will now provide excess liability limits for qualified local, intermediate and long haul trucking accounts as well as general commercial and public automobile companies. The new excess facility will follow underlying commercial auto, general liability and employer's liability coverage. The ... Read the full article
Core Specialty appoints Stephen Moore to lead D&O unit
12th January 2021
Specialty insurance carrier Core Specialty has added Stephen Moore as president, directors & officers management professional liability. Moore most recently served as vice president at Hallmark Financial Services and holds over 20 two decade's experience across D&O liability, fiduciary liability, surety, employment practices liability and private equity lines. Prior to Hallmark, Moore ... Read the full article
Core Specialty bolsters property division with key hires
4th January 2021
Recently-launched specialty insurance carrier Core Specialty has made several key appointments within its property division, led by Alison Oliphant. David Phillips and Christopher Muller join as Senior Vice Presidents of Property Underwriting. Phillips was most recently E&S Property Head for Pioneer Underwriting and before that served at Maxum Specialty E&S Property. Muller arrives from ... Read the full article
Core Specialty names Tyburski as Co-Head, Personal Lines Fronted Programs
4th January 2021
Recently launched specialty insurance carrier, Core Specialty Insurance Holdings, Inc., has hired Adam Tyburski as Co-Head of Personal Lines Fronted Programs, effective January 2021. As Co-founder and most recently Chief Underwriting Officer (CUO) of Spinnaker Insurance Company, Tyburski brings extensive industry experience to Core Specialty. During his time with Spinnaker, he served ... Read the full article
Core Specialty confirms assignment of AM Best ratings
29th December 2020
Specialty insurance carrier, Core Specialty Insurance Holdings, Inc., has confirmed that rating agency A.M. Best has removed from under review with developing implications the credit ratings of StarStone Specialty Insurance Company and StarStone National Insurance Company. At the same time, A.M. Best has affirmed the Financial Strength Ratings of A- (Excellent) ... Read the full article
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