Applied Underwriters has added south central US admitted capabilities with the acquisition of Oklahoma Property and Casualty Insurance Company (OP&C), and repurposed its Texas Insurance Company (TIC) subsidiary as its national E&S platform.

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OP&C becomes the sixth company under the banner of Applied Underwriters’ North American Casualty Company (NAC) subsidiary alongside The California Insurance Company, Continental Indemnity Company, Illinois Insurance Company, Pennsylvania Insurance Company and TIC.

As Applied Underwriters president Jamie Sahara explained, TIC will now be repurposed “to expand its E&S capabilities in support of the company’s trucking programs and other divisions”.

“We will strengthen OP&C to write admitted business in the South Central Region as we dedicate TIC’s resources more profoundly in excess and surplus lines nationally,” said Sahara.

Applied Underwriters is looking to expand its E&S capabilities to support its trucking programs and other divisions that are now part of the recently launched Applied Specialty Underwriters operation led by Chris Day, as well as Applied Financial Lines, which is headed up by Steve McGill.

Applied Specialty Underwriters was formed in November last year following Day’s hire from Tokio Marine HCC where he had most recently served as president of the company’s casualty group.

Applied rolls out UW units

The acquisition of OP&C is the latest move from Applied Underwriters to build out the business after its buyout from Berkshire Hathaway by CEO Menzies closed in October 2019.

The deal saw Menzies team up with the Quasha Group and Quadrant Management to acquire the workers’ compensation specialist’s core insurance subsidiaries from Warren Buffett’s Berkshire Hathaway, in a move first revealed by this publication.

Quadrant Management, the investment firm that bought into Jamie Sahara’s Rivington Partners MGA, acquired the non-insurance service companies of Applied Underwriters.

The transaction triggered significant expansion plans for Applied Underwriters into other areas of the US P&C sector.

Last April, Applied Underwriters bought the MGA of Florida homeowners specialist Centauri Insurance along with an option to acquire its two carrier subsidiaries.

Then in June, the group acquired South Carolina-based trucking MGU Blue Ridge Specialty and is looking to build out the platform nationally.

More recently, Applied Underwriters agreed a program deal with Triangle Surety Agency, and confirmed it had completed the acquisition of Centauri Specialty Insurance Company and Centauri National Insurance Company, while the fast-growing business also acquired UK-based MGA and Lloyd’s coverholder Concept Special Risks.