A former Crum & Forster executive and a London-based underwriter incubator have teamed up to launch a new specialty insurance company based in Charlotte, North Carolina.
1889 Specialty Insurance plans to offer professional lines coverage and management liability policies to small and medium-sized insurance companies, brokers, financial institutions, and asset managers. Policies will be written on an excess and surplus basis and distributed mostly through wholesale channels, the company said in a news release Thursday.
The firm is led by Blair Bartlett, who previously was the vice president for financial institutions at Crum & Forster, and worked in a similar role at CapSpecialty and Allied World. The launch is backed by Beat Capital Partners, a subsidiary of Ambac Financial Group and an incubator of underwriting franchises and provider of risk capital.
1889 Specialty said it writes for a Beat syndicate at Lloyd’s of London.
Was this article valuable?
Here are more articles you may enjoy.
Camp Mystic Seeks Bankruptcy to Settle Texas Flood Wrongful Death Claims 
AssuranceAmerica Suffers Third-Party Data Breach, Customer Data Exposed 
NAIC Says Data Taken in Hack Has Been Published Online 
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio 
