BlueChip Underwriting Services Launches Transactional Risk Underwriting Program
January 1, 2017
BlueChip Underwriting Services LLC announced today the launch of BlueChip Transactional Risk, an underwriting platform for Representation & Warranties, Tax Indemnity and Contingent Liability insurance products. Formed in 2016 by Scott Fritts (Chairman) and Steven Anderson (President & Chief Operating Officer), BlueChip is an incubator for specialty MGA and other delegated underwriting authority programs concentrating in the complex areas of mergers & acquisitions, management liability and other professional liability risks.
Ben Welch, a highly experienced and accomplished lawyer and underwriter, has joined BlueChip as a partner and lead Transactional Risk underwriter effective January 1. The Blue Chip team of Scott, Steve and Ben bring a collective 80 years of specialty underwriting, claims, legal, distribution, and program management experience to the market.
BlueChip has partnered with certain Lloyd’s of London Underwriters and Inter Hannover to offer up to $30M in limits for any single Transactional Risk policy. Our efforts will be dedicated principally to the U.S. primary insurance market with excess positions considered based upon the needs of our preferred insurance broker, law firm and private equity partners.