David Palchik Joins Preferred Concepts as Vice President, Preferred Underwriting
New York, NY (February 14, 2013) – Preferred Concepts, LLC, www.preferredconcepts.com, a leading program underwriter and specialty insurance broker, announced today that David Palchik has joined the firm as a Vice President and Team Leader in the firm’s Preferred Underwriting division.
Palchik will manage the firm’s underwriting team in the Westport, Connecticut office location, which provides real estate focused insurance programs including general liability, property, package and high limit umbrella liability offerings.
A strategic thinker with broad insurance experience, David has led underwriting teams at various insurers including Hartford Insurance Group, Kemper and Royal Sun & Alliance. Most recently, he served as the Chief Risk Officer at a multinational conglomerate.
“I’m thrilled to have David on our team,” said Francesca D’Angelo, Executive Vice President of Preferred Underwriting. “He sees risks from both sides of the coin- as a risk manager and as an underwriter. Our customers will benefit from that perspective.”
Palchik will ensure that the Westport team provides thorough underwriting and responsive customer service. Christopher Treanor, President of Preferred Concepts, commented, “David Palchik is the type of leader that we need to continue growing the best real estate programs in the business. Our carrier partners and our customers are in good hands with David.”
About Preferred Concepts
Founded in 1989, Preferred Concepts, LLC is a leading insurance program underwriter and wholesale broker. The company is backed by Stone Point Capital (Trident III, L.P.), a global private equity firm with over $9 billion in committed capital. The company’s operating divisions include Preferred Concepts, the program administrator; Preferred Underwriting, the program underwriter; Preferred Brokerage, which provides wholesale brokerage services; Preferred Advantage, which provides professional liability for all risks, small business property & casualty solutions; ezumbrella.com, an online umbrella liability program; and SeaFire Insurance Solutions, which caters to the property and casualty needs of the auto industry. The company has offices in New York, NY; Springfield, NJ; Hartford, CT; Westport, CT and Overland Park, KS. To learn more, visit www.preferredconcepts.com.