Dellwood Specialty Insurance coverage Firm has obtained a monetary power ranking of A- (Wonderful) from AM Greatest.
The trade ranking company mentioned the ranking as given attributable to Dellwood’s “very sturdy” steadiness sheet power in addition to different elements akin to marketing strategy, enterprise danger administration, restricted enterprise profile, and working efficiency.
The surplus and surplus strains insurer devoted to property/casualty wholesale brokers with an emphasis on small and center enterprise (SME) dangers.
Dellwood Insurance Group was launched in March by former AIG executives Michael Value and Kean Driscoll and backed by RenaissanceRe, PartnerRe, Starr Insurance coverage, and Central Insurance coverage, together with greater than $250 million in capital, which exceeded preliminary targets, AM Greatest mentioned.
Value serves as Dellwood CEO and Driscoll is president and chief underwriting officer. One other former AIG government, Thomas Connolly additionally joined Dellwood. The trio and Dellwood had been sued by AIG and several other of its E&S subsidiaries in April. AIG alleged its government violated employment contracts and misappropriated commerce secrets and techniques however later dropped the claims against Price, Driscoll and Connolly.
Claims towards Dellwood stay. In its lawsuit, AIG mentioned it developed a novel and proprietary binding course of that concerned solely wholesalers and that Dellwood, led by its former workers, “seems to have adopted that technique” and is competing instantly with AIG specialty insurers.
AM Greatest thought of Dellwood’s management within the ranking, saying, “Dellwood’s senior administration crew consists of people with in depth expertise and powerful monitor data within the trade.”
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