Main partnership launches earthquake insurance coverage facility

Emerald Bay Danger Options has partnered with Arrowhead, a serious common insurance coverage company in america, to launch a brand new business earthquake insurance coverage facility known as Arrowhead EQ DIC. This new initiative goals to supply distinction in circumstances (DIC) insurance coverage insurance policies particularly designed for medium to giant companies in earthquake-prone areas like California and the Pacific Northwest.

The Arrowhead EQ DIC facility will make the most of over $250 million in capability, made potential by means of long-term relationships with main provider companions and a concentrate on disciplined underwriting. The first reinsurers supporting this facility are top-rated corporations with an A- or higher score from AM Finest.

Emerald Bay CEO Dave Ingrey expressed his pleasure about partnering with Arrowhead for its inaugural program.

“Arrowhead is very regarded within the trade for its superior underwriting requirements and specialised E&S insurance coverage capabilities. Collectively, we’re proud to deliver a novel answer targeted on danger high quality to the market that meets the rising want for capability. That is the muse of a significant relationship with pure synergies, and we’re trying ahead to our mutually beneficial partnership with Arrowhead,” Ingrey stated.

Likewise, Lewis Defuria, president of business earthquake at Arrowhead, famous that Emerald Bay’s collaborative underwriting and expertise with prime MGAs and reinsurers will assist Arrowhead proceed to innovate.

“This facility will mix our greater than 25 years of expertise supporting the wholesale market with Emerald Bay’s sturdy basic underwriting experience to make it simpler for market members to entry capability for such a distinct segment product,” Defuria stated.

Emerald Bay launched in March 2024 with backing from Bain Capital Insurance coverage to ship tailor-made insurance coverage options, constant underwriting outcomes, and long-term partnerships with choose high-performing managing common brokers (MGAs) and main reinsurance companions. The corporate has established itself as a sturdy, well-capitalized danger administration entity, boasting an AM Finest Monetary Power Score of A- (Glorious).