ICW Group Launches New E&S Business Unit
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. This strategic move marks a significant 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, Excess Casualty, later 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 after completing her current 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 ICW Group’s broader strategic plan under Moitoso’s leadership. Since his appointment in 2024, the company has focused on identifying growth opportunities and expanding its 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 over $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 initially focus on casualty risks, with potential for additional products in the future as the unit expands its presence.
