OMAHA, Neb., Dec. 14, 2020 /PRNewswire/ — Mr. Steve Menzies, CEO of Applied Underwriters, Inc., declared nowadays that the Company has formed Utilized Money Lines, Ltd., a new business to work from Paris and Cologne to underwrite several specialty strains in the European Union and in the Center East, such as expert indemnity and D&O. Applied Financial Strains will get the job done with an comprehensive wholesale broker and local retail agent community through the EU, Israel, and other nations around the world in the area.
The announcement follows carefully upon the news that Used Underwriters has acquired the renewal rights to StarStone’s money traces e-book of enterprise, furnishing a stable foundation for the planned expansion and growth. According to Mr. Menzies: “Our strategic options connect with for expansion into the EU and Center East markets with a blend of the merchandise mix we have secured by means of the StarStone acquisition, the using the services of of best executives, and the situating of core underwriting personnel in offices across the continent, commencing with Paris and Cologne.”
Mr. Jeroen Claesen has been appointed to direct Used Economical Strains, performing from the Company’s Paris office. Mr. Claesen had served as head of monetary traces for StarStone and has savored an considerable vocation in the field with Catlin and other foremost providers.
In accordance to Mr. Claesen: “We will improve the business considerably, intensifying our associations with the brokerage community and refining our product choices and solutions, with the established expertise that Utilized Underwriters brings to the equation. We welcome inquiries.”
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Applied Underwriters, Inc. (www.auw.com)
Applied Underwriters® is a world wide threat expert services organization that assists enterprises and men and women regulate uncertainty via its company services, insurance coverage, and reinsurance solutions. As a organization, Utilized Underwriters has been distinguished by its innovative ways to customer treatment and by its solid economical energy. Applied Underwriters operates extensively throughout the U.S. Its operational headquarters is located in Omaha, Nebraska.