Lloyd’s Underwriter Pioneer Special Risk Expands to New York

Pioneer Underwriters announced that its Pioneer Special Risk (PSR), led by President Gary Dubois, has commenced underwriting via its New York based division.

The bulletin explained that “Pioneer Special Risk has been approved as a Coverholder at Lloyd’s for certain classes of business. PSR’s underwriting focus is on management liability and professional liability, underwriting a combination of international D&O, professional lines and diversified financial services business with an emphasis on small to middle market clients.

“The team will initially target product lines that are amenable to being written on a Surplus Lines basis and will shortly expand to include other lines.”

Pioneer’s CEO Darren Doherty commented: “This is a significant milestone in Pioneer’s strategy to expand its product offering in the US. Since joining Pioneer in September, Gary Dubois has built up a first class underwriting team that provides its clients with specialist insurance solutions.”

Dubois said: “We are extremely pleased to have now started underwriting and I am looking forward to engaging with brokers as we fulfill our ambition of developing a significant underwriting platform and growing PSR into a key market player in the US.”

Source: Pioneer Underwriting