News & InfoDelos Insurance Group Announces Launch of Naxos Avondale
New Underwriting Management Company Focused on E&S Market; New York and Boston, November 30, 2009 – Delos Insurance Group today announced that Naxos Avondale Specialty Casualty Inc. (Naxos Avondale), an underwriting management company focused on the specialty casualty excess and surplus line (E&S) markets, has officially launched operations and begun accepting business. The creation of Naxos Avondale was announced in August 2009 as a joint venture agreement between Delos Insurance, a leader in program business, and Avoca Insurance Holdings, a specialty underwriting management company. Headquartered in Boston, Naxos Avondale writes a broad spectrum of E&S casualty business on behalf of Naxos Insurance Company, a wholly-owned E&S subsidiary of Delos Insurance. The company accepts its business exclusively from wholesale brokers, limiting its appointments to wholesale partners that value access to strong underwriting expertise and best-in-class service standards. Naxos Avondale is currently eligible to write E&S business in 44 states including, California, Texas, Illinois and Massachusetts, and has applications pending in others. As part of the launch, Naxos Avondale has also announced that four E&S casualty experts, each bringing more than 20 years of underwriting experience, have joined the company. Andrew Chaves, Andrew Forrest, Peter May, and Anthony Weddle have been named to senior underwriting positions. In their new roles, they will report to the company’s executive management team led by Chris Maciejewski, president and CEO, and David Lewis, executive vice president and Chief Underwriting Officer. "I am thrilled with the experienced underwriting personnel that have joined us in this exciting venture, and expect to confirm additional appointments to the team in the upcoming weeks,” said Chris Maciejewski. “We are committed to providing the highest levels of service to an exclusive network of wholesale brokers, and look forward to building mutually productive relationships with this group." “With its dedicated distribution network, solid underwriting talent and a technologically advanced infrastructure now in place, Naxos Avondale is in a strong position to become a leading force,” added Bill Davis, CEO of Delos Insurance Group. “We are confident in the company’s ability to compete effectively in the E&S marketplace, and look forward to creating added value for our customers and shareholders.” For more information on Naxos Avondale, visit www.naxosavondale.com. About Delos Insurance Group About Naxos Avondale Specialty Casualty Inc. About Avoca Insurance Holdings # # # For more information, please contact: |
