Accident Fund Holdings has created Third Coast Underwriters, a new specialty markets operation that will offer workers compensation insurance for under-served markets that have complex risks.

According to the company, Third Coast Underwriters will offer policies written on the paper of one of the Accident Fund Holdings workers compensation insurance companies, with a $150,000 minimum premium for specialty markets such as construction, emerging markets, mergers and acquisitions.

Marguerite Dixen will be the president of Third Coast Underwriters, which is based in Chicago, Illinois. The company is appointing agents located in Illinois and Missouri with plans to grow regionally and nationally.

Prior to joining, Third Coast Underwriters, Ms Dixen was senior vice president for the construction division at SeaBright Insurance Company in Chicago.

Liz Haar, president and CEO of Accident Fund Holding, said: We are very fortunate to have someone with Marguerite’s experience and knowledge of the workers compensation marketplace heading up Third Coast Underwriters. With over 25 years in the property-casualty industry, she has tremendous experience in creating and growing product lines for a number of insurance companies.