U.S wholesale broker CRC Group has partnered with sister company AMRISC, LLC to build, develop and underwrite property programs for CRC producers to distribute.
The partnership will build products under the Insurisk name, which CRC announced as the new brand name for its exclusive products.
The first new product, called Insurisk CAT+, will provide up to $15 million limits for catastrophe-exposed accounts, while the second product, called QSP+, is an exclusive quota share facility that provides a follow-form solution with up to 50% participation in primary and/or excess layers.
CRC and AMRISC explained that additional products are under development and will be released in the coming months.
“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,” he continued.
Dave Obenauer, CRC Group’s Chief Executive Officer, also commented: “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.”
“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,” he added. “We are excited that the Insurisk brand will now be the home for all our exclusives products.”
CRC Group has more than $7.4 billion in annual written premium and 83 office locations across the U.S. It provides data-driven insurance solutions for property and casualty, executive and professional, group and individual, and other specialty insurance programs.