Environmental wholesaler expands underwriting team

A leading wholesaler in the environmental space is growing its underwriting staff to accommodate greater product demand.

Construction & Engineering

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PartnerOne Environmental, an underwriting division for wholesaler Beacon Hill, announced the hiring of a new senior underwriter in their Denver, Colo. office.

Vonnie Nuce will be responsible for underwriting new and renewal business for all PartnerOne products, the company said. Nuce has more than 25 years of experience in the insurance industry and has worked in underwriting as well as account management and program development.

“We are thrilled to welcome Vonnie to the PartnerOne team,” said Amanda Duncan, President of PartnerOne Environmental. “Her knowledge and experience will be a valuable asset as we continue to expand our presence and product offerings in the environmental marketplace.”

The new hiring coincides with a general increase in awareness and purchasing patterns of environmental insurance. In a previous conversation, Beacon Hill president Bill Pritchard told Insurance Business he’s seen the profile of environmental insurance rise dramatically in the past few years.
 
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“I think the visibility [of environmental insurance] has just exploded. The general public has become much more aware of their liabilities in the past five years, much less in the past 10,” Pritchard said. “We’ve had such a heightened demand for this coverage as businesses become more aware of their exposures – you can’t turn on a television without seeing a crystal clear example of why.”

Pritchard said that at the beginning of his tenure with Charlottesville, Va.-based Beacon Hill, this wasn’t the case. He struggled to get clients to appreciate the importance of environmental insurance, but now the product’s profile is “significantly higher.”

The heightened visibility means Beacon Hill’s client base has diversified. Where once it mainly saw broker partners representing conventional environmental clients like landfills or water treatment plants, Pritchard is now servicing brokers with books of business that include shopping centers, dry cleaners and contractors.
“And [demand] has nowhere to go but up,” Pritchard said.

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