HCC Insurance Holdings has acquired MultiNational Underwriters, an Indianapolis, Indiana-based provider of life, accident and health insurance services.
In conjunction with the acquisition, HCC has received approval from Lloyd’s, to establish a new Lloyd’s Syndicate, 4141, which will initially write the MNU international accident and health insurance, and other selected lines of business in the future. In addition to Syndicate 4141, HCC Underwriting Agency Limited will continue to manage Syndicate 4040.
Frank Bramanti, CEO of HCC, said: MultiNational Underwriters’s success is driven by the use of the internet as a vehicle for offering 24-hour-a-day insurance services worldwide, a concept that it continues to refine. We are proud to add a company as innovative as MNU to the HCC organization. Our Lloyd’s platform will enable HCC to continue to expand its product offerings as well as allow HCC to avail itself of the many advantages of underwriting in the Lloyd’s market.