Core Specialty has secured a new partnership with Lancer Management Company and will now provide excess liability limits for qualified local, intermediate and long haul trucking accounts as well as general commercial and public automobile companies.
The new excess facility will follow underlying commercial auto, general liability and employer’s liability coverage.
The program is available nationwide on a non-admitted basis.
Commenting on this partnership, Jeff Consolino President and CEO of Core Specialty said, “We believe that the market for excess commercial auto liability, where rates have been escalating and limits offered by incumbent carriers have been contracting, will benefit from our fresh capacity.
“Core Specialty is pleased to be operating in partnership with Lancer Management Company, a market leader in the specialty transportation market with a long track record and a senior management team we know and admire.”
Lancer Insurance Group CEO Dave Delaney added, “We are excited to be launching this new excess commercial automobile facility with our old and trusted friends at Core Specialty.
“I am confident our combined underwriting expertise, capacity and distribution partnerships will respond to a critical void in the marketplace.”
