Amwins Special Risk Underwriters Launches New Program
Amwins Special Risk Underwriters (SRU) has unveiled its latest offering, a unique Excess Casualty Sidecar Program that aims to fulfill the growing needs of clients across different sectors. This program is specifically designed to empower Amwins brokers with comprehensive solutions tailored for an ever-evolving casualty market.
Features of the Excess Casualty Program
The newly introduced program boasts significant features, built on A+ rated paper and offering follow-form excess liability on a quota-share basis. This setup allows for enhanced flexibility and effective protection. Additionally, it includes an expansive appetite for numerous industries, providing capacity ventilation, and is accessible nationwide to adapt to customer demands.
Insights from the Leadership
Mark Bernacki, the chief underwriting officer at Amwins, expressed enthusiasm about the launch, stating, "We are thrilled to introduce our first multi-industry casualty product. This will be a significant addition to our offerings and provide considerable benefits to our brokers and their clients. The ability to offer matching quota-share support means brokers can expand capacity with our carrier partners or fill any capacity gaps seamlessly. This is essential in today's challenging insurance landscape."
About Amwins Special Risk Underwriters
As part of Amwins, SRU plays a crucial role in delivering a wide array of insurance programs to its brokers. Established as an exclusive Managing General Agent (MGA) in 2008, SRU is known for its substantial market access to top-rated insurance carriers, all holding an AM Best rating of "A-" or higher. Presently, SRU features 14 specialized products backed by a dedicated team of actuaries who provide disaster risk analytics and precise pricing strategies.
Extensive Market Capabilities
Reflecting its stronghold in the insurance sector, Amwins caters to retail insurance agents with specialty insurance products across various domains, including property and casualty, along with group benefit insurance. With a workforce of approximately 7,300 and more than 155 offices worldwide, Amwins manages over $39 billion in premium placements each year. This showcases the company's robustness and commitment to serving its clients efficiently.
Connecting with Amwins
For anyone interested in learning more about the Excess Casualty Program or connecting with an Amwins casualty broker, the newly launched program reveals promising potential. This ensures clients will be equipped with the necessary tools to navigate the complex insurance markets effectively.
Frequently Asked Questions
What is the Excess Casualty Sidecar Program?
The Excess Casualty Sidecar Program is a new offering from Amwins designed to provide comprehensive coverage solutions for various industries.
Who can access the new program?
The program is available exclusively through Amwins brokers, enabling them to offer tailored solutions to their clients.
What are the features of the Excess Casualty Program?
The program offers follow-form excess liability, flexibility, broad industry appetite, and nationwide access, making it a versatile solution.
How does this program benefit brokers?
Brokers can enhance their capacity and address coverage gaps through matching quota-share support, making it a valuable tool in today's market.
What is the background of Amwins?
Amwins Special Risk Underwriters is an MGA under Amwins, providing a portfolio of insurance programs since 2008, with reputable market access and specialized offerings.
