Core Specialty Insurance Holdings, Inc. and its subsidiaries have announced the launch of an excess liability program in conjunction with Synchronosure, a tech augmented underwriting agency.
According to the announcement, the program will provide up to $5m in excess liability coverage, attaching at $11m and higher, to small and middle-market businesses operating within over 550 industry class codes.
It will be available nationwide on a non-admitted basis, exclusively through the underwriting agency, Core Specialty explained.
Through its proprietary technology and experienced underwriters, Synchronosure is able to provide underwriting and pricing decisions typically in less than ten minutes from receipt of the submission.
Jeff Consolino, President and CEO of Core Specialty, said: “Our Fronted Programs Division is pleased to work with Synchronosure to offer small to medium-sized businesses higher excess liability coverage to further insulate them from loss.
“We are also pleased to participate in the risk alongside a select group of high-quality reinsurance companies.”
Steve Hartman, Founder and CEO of Synchronosure, commented: “We are excited to launch this program with Core Specialty, a leader in the excess casualty space.
“Synchronosure’s experienced underwriters and proprietary technology positions us to offer effective underwriting and pricing decisions in seconds and minutes rather than hours and days, providing a meaningfully differentiated service for our producers.
“In a 24/7 world, business operates faster than ever, and we have intentionally built Synchronosure to meet that need.”
