Bamboo Insurance, a California-based InsurTech provider of homeowners insurance, has entered into a partnership with Accredited, a specialty insurance platform, to expand protection for homeowners across the state.
The collaboration aims to address challenges in California’s homeowners insurance market by introducing Bamboo’s new E&S Signature product, according to InsurTech Insights.
The non-admitted homeowners policy is designed to offer more flexible coverage at a time when many traditional insurers are reducing or withdrawing their presence from the state.
Bamboo Insurance, known for its technology-driven underwriting and tailored solutions, provides a range of property insurance products for individuals and families. Its approach combines modern InsurTech capabilities with a focus on customer experience. Accredited, part of Randall & Quilter Holdings, specialises in providing insurance programmes and risk solutions, with significant financial strength and expertise in supporting niche and emerging market needs.
Through this partnership, Bamboo will deliver its E&S Signature policy with the support of Accredited’s financial backing and programme expertise. Together, the companies aim to provide much-needed stability and availability in a market experiencing volatility, ensuring homeowners retain access to reliable coverage options.
The launch of E&S Signature comes amid heightened concerns in California, where wildfires, natural disasters and regulatory challenges have led insurers to pull back from the market. For many homeowners, this has created limited availability of cover, making products like E&S Signature a critical alternative.
John Chu, Bamboo Insurance chief executive officer, said, “California’s insurance landscape remains volatile, leaving many homeowners with few options. With E&S Signature, we are enhancing our commitment to California by providing homes with protection when other insurers back away. Bamboo, in partnership with Accredited, is stepping up to make coverage more available, affordable, and tailored to real needs.”
Accredited America president Grace Meek added, “We are proud to join forces with Bamboo to launch E&S Signature. Our financial backing and program expertise, combined with Bamboo’s tech-enabled underwriting, will help meet critical demand and deliver reliable insurance where it is most needed.”
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