Applied Underwriters has created a US-based division of its Applied Financial Lines business unit to offer a range of D&O coverages across the country.

The announcement comes close on the heels of the company’s purchase of the renewal rights of StarStone’s financial lines book of business.

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This new division will be led by president Stephen McGill, who previously served as the chief underwriting officer for AIG’s Validus Specialty Group and group head of professional lines at ARGO.

McGill noted that the new division’s concentration will prove beneficial to participants in several of its aspects.

He said: “Our initial target business will focus upon D&O liability, both primary and excess. Over time we will add miscellaneous professional liability, and other professional liability segments including architects and engineers, accountants, agents and brokers, and lawyers.

“We have begun to assemble great talent at the front end of the new operation, supported incredibly well by Applied’s substantial operation in Omaha and by its most forward looking leadership.”

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Meanwhile, Applied Financial Lines’ International Division will operate from Paris and Cologne to underwrite various specialty lines in the European Union and in the Middle East.

It will be led by Jeroen Claesen, who will be based in Paris.

Applied Underwriters CEO Steve Menzies said: “We have begun to assemble powerful industry resources company wide and now welcome Steve McGill, an accomplished professional, through whom we look forward to serving a growing number of agents and brokers and their clients in the critical D&O sector.”

In 2019, Berkshire Hathaway offloaded Applied Underwriters to Steve Menzies and an investment firm in a deal valued at $920m.