Pioneer Underwriters has completed an exercise to examine its optimal strategic and capital options for 2020 and beyond, the company has announced – and now changes are afoot.
“Pioneer’s core operations, the underwriting services business (MGA), has been remediated to provide increased focus on business where Pioneer can provide differentiated value through expertise and distribution,” the company said. “This work has resulted in a withdrawal from certain lines of business over the past 12 months, which has been communicated to our stakeholders, and the results are already encouraging.”
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