Trinity partners with Obsidian to enhance its auto liability offering

Trinity Underwriting Managers (TUMI), part of Amwins Underwriting, has entered into a new carrier partnership with Obsidian, a hybrid fronting programme carrier.

TUMI specialises in designing marketing and underwriting niche transportation programmes. The partnership with Obsidian augments its reinsurance relationships, allowing it to write more premiums on a larger scale and expand its product and program offerings. The partnership will enhance its automotive liability product offerings to fill a need for specialty insurance solutions in a challenging and complex industry, TUMI said.

Stephen Standing, executive vice president of TUMI, cited a myriad of complex challenges and volatility that have impacted the automotive market, which he said created a growing need for liability solutions.

Emerging threats like fraud and nuclear verdicts have caused many carriers to leave the market, though the industry itself is growing. TUMI's new programme with Obsidian offers exclusive insurance solutions for towing, automotive repossession, sand and gravel, paratransit and intermodal trucking businesses, which are some of most difficult-to-place segments of the transportation space, TUMI said.

William Jewett, chief executive officer at Obsidian, said: "Stephen Standing has positioned TUMI exceptionally well in this rapidly evolving market segment, and we believe that our partnership represents a very attractive and sustainable opportunity for Obsidian and our reinsurers."

Obsidian is rated A- by AM Best.

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