ICW Group Insurance Companies has announced the launch of ICW Specialty, a new Excess and Surplus (E&S) business unit operating under VerTerra Insurance, the group’s E&S carrier.
The initiative marks an expansion of the company’s product strategy as it seeks to diversify its offerings and enter new market segments.
ICW Specialty will be based in Atlanta, Georgia, and is expected to introduce its first product, called Excess Casualty, this year. The unit is currently developing its product line, distribution strategy and market approach.
Tracey Estes has been appointed chief underwriting officer of ICW Specialty. She will assume the role following the completion of her responsibilities at MSIG. Estes will be responsible for leading the development, underwriting and execution of the new unit’s product offerings.
“Our entry into the E&S market segment is a pivotal step in our evolution,” said Mark Moitoso, president of ICW Group. “As we grow, we remain committed to providing the best insurance experience possible to our policyholders and agent and broker partners.”
The launch of ICW Specialty aligns with the company’s broader strategic plan under Moitoso’s leadership. Since his appointment in 2024, ICW Group has placed increased focus on identifying growth opportunities and expanding tis product mix to address changing customer needs.
ICW Group, founded in 1972 and headquartered in San Diego, is a national multi-line insurer offering workers’ compensation, catastrophe and assumed reinsurance coverage. The company reported more than $3.1 billion in direct written and assumed premiums in 2024.
The E&S market has drawn increased interest from insurers seeking to respond to risks that may fall outside the scope of admitted markets. ICW Specialty will focus initially on casualty risks, with potential for additional products in the future as the unit expands its presence.
