About Watford U.S.
Somers Re Ltd. (formerly Watford Re) established two insurance companies to target the U.S. marketplace focusing on casualty program business: Watford Specialty Insurance Company (“WSIC”), a New Jersey domiciled excess and surplus lines carrier and Watford Insurance Company (“WIC”), a New Jersey domiciled admitted carrier. Together these companies are referred to and branded as “Watford U.S.”
The Watford U.S. companies write business through a select network of Program Administrator/Managing General Agent partners to create unique insurance products by developing specific underwriting guidelines, authorities and procedures. We at Watford U.S. value our relationships and affiliations with Program Administrators/Managing General Agents who share our goal of long-term and mutually profitable partnerships and are integral to the companies’ success.
Both WSIC and WIC are registered with the NAIC and carry an A- (Excellent) rating, Financial Size Category XII ($1 Billion to $1.25 Billion) by A.M. Best.
Through a series of service agreements, Watford U.S. benefits from underwriting support and other services from Arch Underwriters Inc. (DBA AUI Insurance Services), a member of Arch Capital Group Ltd. Although Arch was one of the original sponsors of Somers in 2014, and remains a shareholder, the Somers companies are not subsidiaries of or members of Arch Capital Group.
Any questions regarding the relationship between Watford U.S. and Arch, please contact [email protected].
An Operating Model Built for the Future
Our operating model is based on an innovative and contemporary approach to business. We are data focused and analytically driven to create and provide innovative options for coverage. Complex and detailed businesses and challenges are our specialty.
Leadership
Tom Ahern
Chief Financial Officer and Treasurer
Regan Shulman
Corporate Secretary
Industry Associations
Target Markets Program Administrators Association (TMPAA)
Wholesale & Specialty Insurance Association (WSIA)
Council of Insurance Agents and Brokers (CIAB)
