Emerald Bay Risk Solutions, a collaborative underwriting carrier, and Curotech Specialty, a technology-enabled managing general agent, have announced a strategic partnership to launch an excess & surplus commercial property programme.
The reason for this partnership is to address the growing demand for flexible and efficient commercial property insurance solutions.
Large, admitted carriers are often unable to provide the necessary flexibility due to concentration issues and rigid risk management departments. This partnership aims to fill that gap by leveraging the strengths of both companies.
The reinsurance for this new facility is provided by a panel of market-leading companies that carry an A- or higher rating from AM Best, ensuring a robust and reliable backing for the programme.
Miles Allkins, Co-Founder and Chief Risk Officer of Emerald Bay, commented, “The commercial property market remains a robust corner of the insurance market as large, admitted carriers faced with concentration issues and rigid risk management departments are unable to provide the flexibility required by insureds. We are looking forward to our partnership with Curotech and its team of specialist experts, who, like us, weave technology and data analysis into every facet of their strategy.”
“We are thrilled to launch the program with Emerald Bay,” said Kim Rhodes, President of Curotech. “Emerald Bay’s extensive experience in the industry and advanced technology capabilities provide significant value to the business. We have a strong cultural fit focused on underwriting and proactive decision making. Together, we are well positioned to grow a profitable book of business.”
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