Under terms of the agreement, the new company,
“For a strong underwriting company, the specialty casualty segment presents excellent long-term value creation opportunities,” says Chris Maciejewski, who will be president and CEO of the company. “At Naxos Avondale, our core underwriting approach is based on developing solutions for niche segments supported by our considerable product depth.”
David Lewis also joins Naxos Avondale as chief underwriting officer. Naxos Avondale is headquartered in Boston, and business will be sourced through wholesale brokers. The company will work closely in its distribution efforts with Avoca subsidiary Avondale Insurance Associates, led by Peter Coghlan.