Pioneer launches in New York

Pioneer Special Risk (PSR), a subsidiary of Pioneer Underwriters, has commenced underwriting via its New York based division.

Led by Gary Dubois, PSR 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.

Darren Doherty, chief executive officer of Pioneer Underwriters, said: “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 fulfil our ambition of developing a significant underwriting platform and growing PSR into a key market player in the US.”