Lloyd’s approves Pioneer as coverholder for E&S casualty

Pioneer Special Risk, a subsidiary of Pioneer Underwriters, has been approved as a coverholder at Lloyd’s for excess and surplus (E&S) casualty lines.

US-based Pioneer Special Risk has commenced underwriting E&S casualty, led by Jim Pratte, executive vice president, via its Atlanta based office.

The licence means that Pioneer can conduct business in 50 states with a focus on non-admitted primary commercial general liability (CGL), products liability and owners and contractors protective (OCP) and excess liability in lower layers.

Excess casualty will be written with capacity of up to $5 million throughout the US, offering various deductible or self-insured retention options.

Darren Doherty, chief executive officer of Pioneer Underwriters, said: “This new underwriting capability brings significant additional breadth to our product portfolio in the US. Jim’s depth of underwriting expertise coupled with the strength of his market relationships will bring real benefits to Pioneer as a whole.”