My New Markets

October 7, 2024

Market Detail: Amalgamated Insurance Underwriters offers a commercial property program for hard to place multi-family habitational/commercial properties. This program is a fit for older risks made of frame, JM, or MNC construction that can’t find adequate placement in the admitted marketplace. Program appetite includes all construction classes of well-managed habitational properties, as well as other conventional commercial property risks. The program provides adequate capacity, therefore, allowing the consideration of larger per-location risks and property schedules. Highlights: all perils; broad risk appetite; exclusive market; expedited underwriting and quoting process; $500 million blanket limit; no co-insurance; $50 million flood sublimit in non-critical flood zones; $50 million earthquake sublimit excluding California, Alaska, Hawaii, Pacific Northwest and New Madrid seismic zones; EQSL in all states; ordinance or law: coverage A $500 million, coverage B & C – $15 million for each line; $100 million terrorism sublimit; $100 million boiler and machinery sublimit. Appetite: minimum TIV $5 million; older and newer well-managed frame multi-family apartment complexes; updated within 20 years; high-rise MNC multi-family apartment buildings; HOAs and condo associations; LROs, office buildings, and other commercial risks. Has pen; appointment required.

Available Limits: $500 million blanket limit; $50 million flood sublimit in non-critical flood zones; $50 million earthquake sublimit excluding California, Alaska, Hawaii, Pacific Northwest and New Madrid seismic zones; ordinance or law: coverage A $500 million, coverage B & C – $15 million for each line; $100 million terrorism sublimit; $100 million boiler and machinery sublimit.

Carrier: Several “A” rated domestic and London based carriers; non-admitted; rated A.

States: Available in Arizona, California, Connecticut, Delaware, District of Columbia, Georgia, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

Contact: Joseph Indig; hello@aiu-usa.com; 845-426-0400.

Market Detail: eSpecialty Insurance offers insurance agents and brokers E&O and cyber insurance. Highlights: expertise to evaluate your exposures; multiple proposals from top competitive insurers; guidance to choose the best combination of coverage and price; personalized service tailored to your needs. We serve a wide range of insurance entities, including insurance agents/brokers, TPAs, risk management consultants, wholesale/MGAs/program administrators, insurtechs, and many more. Special situations: hard-to-place risks; startups/new operations; unique products and services; claims; technology-driven organizations. Why choose us: expertise in specialty insurance products and markets; access to underwriters; reliable solutions for complex insurance exposures. Let us find the right coverage for your unique needs.

Available Limits: Not disclosed.

Carrier: Not disclosed.

States: Available in District of Columbia and in all states except Alaska.

Contact: Insurance Agent Expert; solutions@eSpecialty.com; 435-252-1077.

Market Detail: Drawing on decades of experience, School Bus Insurance Solutions (SBIS) from NSM Insurance Group offers best-in-class coverages and risk management services that are tailored to meet the unique needs of risks in this niche.*Our commitment to serving and growing in this market means you and your clients can count on us for consistency, stability and offerings that are ahead of the curve.* Eligible risks: school bus contractors; fleets of 10-100 vehicles. Coverages/limits: general liability – limits up to $1 million / $3 million; abuse and molestation – limits up to $1 million / $2 million; auto liability; automobile; auto physical damage; property and inland marine; crime. Highlights: underwriting team with decades of commercial auto experience; best-in-class coverages and risk management services; competitive pricing; in-house claims team; superior service; installment plans available (for accounts that generate $2,000+ in premium). Has pen; appointment required.

Available Limits: General liability – limits up to $1 million / $3 million; abuse and molestation – limits up to $1 million / $2 million.

Carrier: Admitted; rated A++ by AM Best.

States: Available in all states excluding Florida, Louisiana, Michigan, Nevada and New York. Also available in District of Columbia.

Contact: NSM Insurance; nsmmarketing@nsminc.com; 800-970-977.