Amwins Increases Presence with New Excess Casualty Insurance Program

Amid an ever-evolving insurance landscape, Amwins is taking strategic strides in expanding its influence within the casualty insurance sector. This expansion comes through the inauguration of a novel Excess Casualty Sidecar Program, orchestrated by its underwriting division, Special Risk Underwriters (SRU). This initiative represents SRU's inaugural foray into the realm of casualty-focused products, signaling a significant milestone. The program is exclusively accessible via Amwins brokers and is designed to offer follow-form excess liability on a quota-share basis. It is underpinned by A+ rated paper and meticulously structured to accommodate the increasing demand for versatile, high-limit liability coverage nationwide. This pioneering offering is tailored to serve a wide array of industries, reflecting a broad industry appetite.

One of the program's most notable attributes is its capacity ventilation feature, creating provisions for brokers to either augment existing capacity or seamlessly address and fill gaps left by traditional carriers. This enhances the ability to meet burgeoning demands for higher coverage limits across diverse sectors. Mark Bernacki, the Chief Underwriting Officer at Amwins, expressed enthusiasm about this groundbreaking development, highlighting that SRU has traditionally concentrated on property capacity. The introduction of this multi-industry casualty product not only marks a diversification in their offerings but also underscores Amwins' commitment to providing innovative solutions that match the dynamic needs of today's marketplace.

The strategic uplift provided by matching quota share support is a significant boon for brokers, allowing them to effectively double their capacity with carrier partners or swiftly address any capacity deficiencies. In a competitive insurance market, this capability proves to be invaluable, particularly as companies seek to navigate the complexities of risk management and coverage. Beyond its core offering, the Excess Casualty Sidecar Program aligns with Amwins' broader strategy to infiltrate and lead in ancillary markets, as evidenced by similar expansions such as their recent alliance with Nelligan for ancillary benefits.

Looking ahead, the introduction of the Excess Casualty Sidecar Program sets a precedent in the market, encouraging other players to envisage and develop innovative solutions to meet the evolving needs of their clients. As Amwins continues to strengthen its market position, this program is expected to serve as a cornerstone of its growth strategy, offering tailored solutions that address distinct market requirements. In conclusion, Amwins’ latest move serves as a testament to their agility in responding to industry demands with precise, targeted insurance products, which not only fill market gaps but also enhance the broker-client relationship through expanded capability and support.