RALEIGH, N.C., Oct. 26, 2017 /PRNewswire-iReach/ -- IAT Insurance Group, a leading provider of specialty property and casualty products for businesses and individuals, is expanding its product offerings with the launch of a new Surplus Lines Excess business unit. To lead the new business unit, IAT welcomes Coy Rudd who brings 30 years of experience building and growing excess casualty business. "Surplus Lines Excess, especially for middle market accounts, is a strategic expansion of our product offerings and represents a strong growth opportunity for the company and our agency partners," said CEO Bill Cunningham.
The primary focus of the new Surplus Lines Excess unit will be the profitable underwriting of business that flows into the surplus lines excess non-admitted market. Middle market accounts with average premiums in the $30,000 to $50,000 range are the unit's core target. IAT's Specialty Business Unit will continue to write excess liability, both supported and unsupported, for their customers where the focus is primarily on smaller accounts.
Coy Rudd joins IAT on November 14, 2017. He comes to IAT from XL Catlin where he most recently served as Regional Vice President, East with responsibility for the growth of the Excess & Surplus casualty business in the Eastern region for primary and excess casualty. Prior to XL Catlin, Rudd was Vice President, Excess Product Line Manager at Colony Specialty Insurance and his career has included positions at Axis U.S. Insurance, Investors Underwriting Managers and Reliance National Insurance Company, among others. Rudd received his bachelor of science (BS) in Economics from Montclair State University and a master of science (MS) in International Business, Management from Seton Hall University.
"We look forward to Coy's addition to the IAT team. With his depth of surplus lines excess experience, he will be a key contributor toward our goal of establishing IAT as a top tier provider of specialty property and casualty products," said Cunningham.
About IAT Insurance
IAT Insurance Group is a privately owned, specialty insurance company providing property and casualty products for businesses and individuals. With more than 650 employees and 13 offices across the country, we go to market through six business units – Commercial Transportation, Specialty, Programs, Inland Marine, Surplus Lines Excess and Assumed Reinsurance. Dedicated to the long-term, IAT focuses on providing our clients with superior products and service with the steadfast dedication to innovation, stability and profitable growth that comes from the flexibility and power of our independence. The IAT Insurance Group companies are rated A- Excellent by AM Best. Connect with IAT Insurance Group on LinkedIn, and learn more about the company at http://www.iatinsurancegroup.com.
Media Contact: Caryn Best, IAT Insurance Group, 9047084134, [email protected]
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