Transatlantic Underwriters (TAU) has announced that Colby Waltenburg is joining the team, serving as vice-president of the wholesale insurance brokerage specializing in the automotive and trucking industries.
Waltenburg has been involved in the wholesale property and casualty insurance business since 1997, including 15 years of experience in underwriting and placing difficult transportation risks. He has prior experience working as a Lloyd’s broker in London and has some exposure to the excess and surplus lines market in Canada.
Prior to joining TAU, Waltenburg was most recently involved at a well-established insurance wholesale brokerage in Northern California which specialized in transportation risks.
In a statement, Waltenburg said that while he does have experience in P&C risk placement, working on the transportation side is where his passion lies. He will be involved in the opening and administration of TAU’s new office on the West Coast, where he has extensive contacts.
“I plan to help expand TAU’s product offering to include auto liability as a complement to the physical damage and cargo they currently offer,” Waltenburg remarked.
TAU president Dan Parrish shared in a statement that he is thrilled to have Waltenburg on board with the brokerage. Parrish also discussed how Waltenburg would play a key role in the establishment of TAU’s newest location.
“Although we have served the specialized needs of our industry throughout the 48 contiguous states, we are enhancing our presence by establishing our latest facility in Stockton, California,” the president said. “We feel strongly that Colby’s relationships with markets and the industry at large, as well as his deep expertise in transportation risks, will be a huge benefit to our company and the insurance retailers we serve.”