Reinsurance News
Obsidian Insurance Holdings
Obsidian lifts surplus to support growth
20th November 2025
Obsidian Insurance Holdings, Inc. has increased surplus in its writing companies in order to raise capital through a successful senior notes issuance and additional capital investment from its existing equity holders, including Genstar Capital. This move aims to support the firm’s third consecutive year of premium growth over 50%. Obsidian Insurance ... Read the full article
Monarch E&S Insurance & Obsidian Insurance enhance Knight Protector
26th September 2024
Monarch E&S Insurance Services, a Specialty Program Group LLC subsidiary, in partnership with Obsidian Insurance Holdings, an insurance holding company, to launch an enhanced and exclusive personal umbrella policy, the Knight Protector. This collaboration aims to redefine personal liability insurance by offering unparalleled coverage limits and protection for individuals, families, and ... Read the full article
Obsidian Insurance appoints new President and CFO
26th July 2023
Obsidian Insurance Group has announced the promotions of Craig Rappaport to President, and Nick Dagenais to Chief Financial Officer (CFO). Previously, Dagenais was the VP, Finance of Obsidian since the company's formation, he now assumes the role of CFO and will continue to report to Rappaport, who now serves as President ... Read the full article
Obsidian names Jeff Wittlich as CUO
14th July 2023
Obsidian Insurance Group, a leading facilitator and supporter of specialty insurance programs, has appointed Jeff Wittlich as its Chief Underwriting Officer (CUO). With a background in reinsurance and program insurance, Wittlich brings extensive experience and industry connectivity to his new role. William Jewett, CEO of Obsidian, expressed his enthusiasm for Wittlich's addition ... Read the full article
Obsidian names Schroder as Reinsurance Placement Executive
3rd May 2023
Obsidian Insurance Holdings appointed Theresa Schroder as Reinsurance Placement Executive. Prior to joining Obsidian, she served as Director of Captive Underwriting & Reinsurance at Risk Services, LLC. She worked at Risk Services, LLC for over 18 years in various underwriting roles. Before Risk Services, LLC, she worked at Erie Insurance Group for about ... Read the full article
Indigo Specialty Underwriters partners with Obsidian
15th February 2023
Indigo Specialty Underwriters, a registered series of Mission Underwriting Managers, LLC, an Arizona-based insurance agency, has announced a new partnership with Obsidian – an AM Best rated “A-” (Excellent) hybrid fronting program carrier. In a statement, Indigo said that the partnership will provide miscellaneous professional liability coverage for accounts over $50 million in ... Read the full article
Obsidian introduces PAR tool to be offered to MGAs, reinsurers & brokers
4th November 2022
Obsidian Insurance Group has announced the introduction of a Program Analytical Review (PAR) data analytics tool, that will be offered by Obsidian to its managing general agents (MGAs), reinsurers and reinsurance brokers. The level of detail and analysis that PAR provides will deliver keen insight into pricing, profitability, and loss trends ... Read the full article
Obsidian appoints Scott Palladino as Chief Business Development Officer
9th August 2022
Obsidian Insurance Group has appointed insurance industry veteran Scott Palladino as Chief Business Development Officer. Palladino joins Obsidian from Clear Blue where he served in a similar role, and was also one of the original members of the management team. He started his career at Liberty Mutual, where he held various property and casualty ... Read the full article
Amwins Special Risk Underwriters partners with Obsidian
23rd March 2022
Amwins Special Risk Underwriters (SRU) has partnered with Obsidian, a hybrid fronting program carrier, which delivers primary commercial auto solutions for established fleets, marking SRU's expansion beyond the property and management liability products, focusing on underserved mid-fleet trucking accounts. SRU has built a business on providing quality underwriting programs exclusively for ... Read the full article
Obsidian appoints new chief actuary
8th March 2022
Obsidian has promoted Kim Lo Ho to be its new chief actuary, reporting into William Jewett, CEO. A statement from the firm says that Lo joined the company as lead actuary two years ago. Jewett said: “ has extensive industry experience leading actuarial teams and has been instrumental over the past two ... Read the full article
Obsidian adds David Lockton to Board
13th January 2022
Obsidian Insurance Holdings, Inc. has announced the appointment of insurance industry leader David Lockton to its parent company's Board of Directors. For nearly four decades, Lockton has served as President, CEO, and then Chairman of Lockton Companies, and is currently Lead Director of Lockton, Inc. "Dave Lockton is a tremendous addition to ... Read the full article
Obsidian strikes carrier partnership with insurtech Steadily
1st December 2021
Obsidian Insurance Holdings, Inc., a program fronting insurance holding company, has announced a new carrier partnership with Steadily, a Texas-based insurtech that specialises in landlord insurance. The new program with Obsidian will offer insurance solutions that enable landlords to get rapid insurance quotes online. The partnership hopes to remove points of friction ... Read the full article
Obsidian expands in California with Western Home acquisition
9th July 2021
Obsidian Insurance Holdings has expanded its presence in California with the acquisition of admitted carrier Western Home Insurance Company from Western National Mutual Insurance Company. Western Home, a Minnesota domestic insurer, is commercially domiciled in California, and holds certificates of authority in five other states. The company is being acquired as a ... Read the full article
Obsidian hires new Head of Business Development
28th May 2021
Obsidian Insurance Holdings has appointed Jessica Ferguson as Head of Business Development. Prior to joining Obsidian, she was with Liberty Mutual Insurance for over two years as Wholesale Distribution Executive, East Coast. Before Liberty Mutual she was Vice President, Program Broker with JLT Re. She spent just under nine years with AIG, most ... Read the full article
Obsidian hires CUO Andrew Aldorisio from SCOR
30th November 2020
Obsidian Insurance Holdings, Inc., a program fronting insurance holding company recently launched by Genstar Capital and insurance industry executives, has appointed Andrew Aldorisio as its Chief Underwriting Officer (CUO). Most recently, Aldorisio served as Vice President, Program Business at SCOR, where he managed casualty and professional lines programs and led ... Read the full article
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