CRC Group partners with AmRisc on new property products
Wholesale broker CRC Group has partnered with managing general underwriter AmRisc to develop and underwrite new property products, while launching a new offering with $15 million in catastrophe coverage.
The partnership will build products under the Insurisk name.
CRC said its first new product, called Insurisk CAT+, will provide up to $15 million limits for CAT-exposed accounts, while the second product QSP+ is an exclusive quota share facility that will provide a follow-form solution with up to 50 percent participation in primary and/or excess layers.
“We have the most actionable data in the wholesale business, and we are using that data to develop programs that help differentiate CRC Group in the eyes of our customers,” said Dave Obenauer, CRC Group’s Chief Executive Officer. “We have launched more than 10 new exclusive products in the last year, and each one is successfully meeting our customer’s needs in creative ways. We are excited that the Insurisk brand will now be the home for all our exclusives products.”
“When we set out to develop proprietary property products and looked for a partner to help us do that AmRisc, LLC was a natural choice given the results they have delivered for carrier and capital partners over the last decade,” said Neil Kessler, CRC Group’s Chief Operating Officer. “We are excited to work with AmRisc , LLC to bring new, creative products to market under the Insurisk name based on the investments we have been making in data and analytics over the last few years.”
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