Burns & Wilcox Expands High-Value Homeowners' Insurance Offering

Burns & Wilcox, a leading personal insurance wholesaler in the United States, has introduced an innovative product through its National Personal Insurance Practice in a strategic collaboration with Atain Insurance Companies. This initiative significantly extends Burns & Wilcox's capacity to underwrite high-value homeowners’ policies, particularly in regions such as California, Colorado, Florida, and the Gulf and Atlantic states. By incorporating an option for contents-only coverage, the new product aims to deliver a comprehensive solution catered to the needs of retail insurance agents and their clients. Bill Gatewood, the corporate senior vice president and leader of the personal insurance practice at Burns & Wilcox, acknowledges the timing of this launch as critically opportune, given the increasing challenges in acquiring homeowners' coverage following the severe wildfires in California earlier this year.

The introduction of this new product in the marketplace highlights Burns & Wilcox's commitment to meeting the evolving demands in the homeowners' insurance sector. Gatewood expressed enthusiasm about the partnership with Atain Insurance Companies, who boast an impressive 'A' rating from AM Best. He observed that the new product not only enhances market capacity but also serves as a pivotal solution amidst rising difficulties faced by homeowners seeking coverage. In an environment where natural disasters have intensified the complexity of securing insurance, this expansion comes as a valuable relief to many policyholders.

Burns & Wilcox's strategic growth does not stop at this new product line. The company intends to increasingly broaden its portfolio of high-value homeowners’ insurance offerings in the upcoming months. Part of this strategy involves acquiring additional financial backing to elevate the total insured value (TIV) of its policies, thereby furnishing policyholders with robust coverage options. Agents seeking to leverage this high-value homeowners’ product are encouraged to establish contact with their local Burns & Wilcox offices for more detailed information and support.

Concurrently, Burns & Wilcox has implemented pivotal leadership promotions to bolster its national footprint. Notably, Bonnie Steen was promoted to regional vice president, taking charge of operations in Louisiana, Arkansas, Mississippi, and Alabama. Complementing these changes, William Briscoe and Chris Siegel have assumed roles as vice presidents, with Briscoe overseeing Mississippi and Alabama offices, and Siegel managing Florida operations. Berri Willis continues to demonstrate leadership across the Carolinas as vice president, while Justin Dorman advances as associate managing director in Charleston, South Carolina. These strategic leadership appointments are integral to reinforcing Burns & Wilcox’s dedication to offering top-tier insurance solutions across the nation.