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The executive had been interim CEO since January.
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AmCoastal also cut its board down to five members, including two new appointments.
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AM Best assessed Dellwood’s balance sheet strength as “very strong”.
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Workers’ compensation renewal rates decreased on a year-over-year basis.
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It said improvements in cyber hygiene, underwriting and policy language were contributing factors.
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Industry veteran Peter McKeegan will lead the firm.
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Ryan Specialty CEO Pat Ryan opened the event, which was held last week in New York.
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Pearce brings 25 years of experience with a background in the A&E sector.
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The executive has over 20 years of experience in construction risk management.
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In 2023, the segment had its best direct loss ratio in nearly a decade at 50.8%.
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From a buyer and underwriter perspective, managing top risks needs fresh approaches.
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This is Emerald’s second facility, after its earthquake deal with Arrowhead.