This could be for a number of reasons.
Johnston, Cincinnati president and chief executive officer. As a wholly owned subsidiary of Cincinnati Financial, MSP Underwriting will continue to operate under its own brand and with its existing leadership team.
MSP Underwriting has earned an underwriting profit in 20 out of the last 24 years. Cincinnati expects this trend to continue and projects the MSP combined ratio for the next five years to average 90 to Cincinnati expects the acquisition to generate an attractive return over time.
Based on current assumptions, the company expects the acquisition to be accretive to net income. The move by Cincinnati comes a few months after another U. The insurer had indicated in March it was considering selling Chaucer. The insurer said the sale of Chaucer will allow it to focus on expanding its domestic business.
The sale is still in process. Fairfield, Ohio-headquartered Cincinnati Financial was founded in by four independent agents.
It offers business, home and auto insurance through The Cincinnati Insurance Co. Cincinnati Financial also has two financial services subsidiaries. The Cincinnati Life Insurance Co.Accident Fund.
Loss Run request Phone 1 Fax 1 confirmed on 08/02/18 by Renado Robinson. [email protected] _____ ACUITY A Mutual Insurance Co. Osprey was the first dedicated fixed premium P&I independent Managing Underwriting Agency (MUA), of which I became Underwriting Director and CEO.
In November Osprey became part of Thomas Miller Limited, that in became Thomas Miller Specialty. Full members list. All managing agents with active capacity, run-off managing agents, and members agents are entitled to be full members of the LMA.
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In , I joined Navigator’s Underwriting Agency Limited to create an excess Director and Officer Liability portfolio of business worldwide. Within one year, I assumed responsibility for Professional Lines and restructured the business to reduce operating expenses and increase revenues+ connections.