Applied Underwriters CEO seals Berkshire buyout in $920mn deal 2019-10-16T13:09:00 Applied Underwriters founding CEO Steve Menzies has completed a transaction to buy the workers compensation specialist’s core insurance subsidiaries from … UK based Concept Special Risks MGA specializes in US and Caribbean markets for extensive vessel classes. Steve Menzies, chairman of Applied Underwriters, said in a statement that the national workers compensation insurer had been eager to finish the … Steve Menzies, Chairman, Applied Underwriters commented: “We have long treated our leadership as a kind of faculty in which our intelligentsia may flourish in a creative, yet demanding environment that often simulates a think tank as much as a C-Suite. Mr. Steve Menzies, Chairman, Applied Underwriters, has announced that all regulatory approvals have been realized and that Applied has completed its acquisition of … Sid Ferenc, a former vice president of finance at Newsweek, started Applied in the San Francisco Bay Area in 1994 with Steven Menzies, a math whiz with a degree from Columbia University. As previously reported, Applied Underwriters founding CEO Steve Menzies bought the workers compensation specialist’s core insurance subsidiaries including North American Casualty from Berkshire Hathaway in a $920mn deal that closed last October. Sarasota based property and casualty insurer serves 10 states through independent agents and brokers. Omaha -- February 3, 2021 --Mr. Steve Menzies, Chairman, Applied Underwriters, has announced that the Company will acquire Concept Special Risks, a UK based international MGA that is a leader in providing coverage for an extensive variety of nautical vessels and … Omaha -- February 8, 2021 --Mr. Steve Menzies, Chairman, Applied Underwriters, has announced that all regulatory approvals have been realized and that Applied has completed its acquisition of Centauri Specialty Insurance Company and Centauri National Insurance Company. Applied Underwriters, Inc. and its subsidiary North American Casualty Co. (“A” rated, AM Best), a group of diversified, national financial services companies, has been acquired by Applied’s founder, Steve Menzies, joined by the Quasha Group led by Quadrant Management. Steve Menzies, who founded the Omaha, Nebraska-based insurer in 1994, will acquire Applied and its subsidiary North American Casualty Co. and is joined in … Steve Menzies, co-founder and chief executive of Applied, was unavailable to elaborate. Scheduled to be at the table: Steve Menzies, CEO of Applied Underwriters; Jeff Silver, Applied’s attorney; Jamie Sahara, CEO of United Insurance Company; and Eric Serna, a … Berkshire Hathaway has offloaded Applied Underwriters to its founder and president Steve Menzies and an investment firm in deal valued at $920m. Under the terms of the contract, Menzies and Quasha Group, led by New York-based Quadrant Management, have agreed to buy Applied Underwriters and its subsidiary North American Casualty.

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