Amwins is making a significant move in the casualty insurance market by launching a new Excess Casualty Sidecar Program. This initiative comes through its underwriting arm, Special Risk Underwriters (SRU), marking SRU’s first venture into casualty-focused products.
The program is exclusively available through Amwins brokers and offers follow-form excess liability coverage on a quota-share basis. It is backed by A+ rated insurance paper and aims to meet the increasing need for flexible, high-limit liability coverage across various industries nationwide.
One of the standout features of this program is its capacity ventilation, which allows brokers to either enhance existing coverage or fill gaps left by traditional insurance carriers. This flexibility is particularly important in today’s market, where businesses often face unique and changing risks.
Mark Bernacki, Amwins’ chief underwriting officer, expressed enthusiasm about the launch. He noted that SRU has primarily focused on property capacity in the past, and this new casualty product opens doors to multiple industries, expanding their offerings significantly.
The program’s structure allows brokers to double their capacity with carrier partners or seamlessly fill any capacity shortfalls. This capability is expected to be a valuable resource for brokers and their clients in the current market landscape.
With this launch, Amwins is not only expanding its services but also responding to the evolving needs of businesses for comprehensive liability coverage.