Ethos Specialty has announced the launch of a new commercial general liability program for U.S. real estate owners and managers.
The new Real Estate program targets apartments, condos, coops and commercial properties, and leverages advanced third party data analytics via multiple APIs, which are sensitive to the individual locations rather than the general area.
Ethos states that this proprietary model will allow the efficient targeting of accounts to offer fair and accurate T&Cs, providing benefits to qualified buyers in this challenging marketplace.
The new program offers primary $1 million / $2 million liability limits with supported excess of up to $5 million, and is available is all states with the exception of New York and California. Primary coverage is provided by Ascot and Faraday, and excess coverage is provided by Ascot.
This is the second Real Estate program under Ethos Specialty’s Casualty arm, which started writing New York Contractors in 2018. The company adds that Vice President Kieran Brooks, who joined in January 2020 to lead the program, will act as lead underwriter, reporting to Executive Vice President & Head of Casualty, Adam Schnell.
Rory Cline, President and Chief Executive Officer (CEO) of Ethos Specialty, commented: “Our approach to casualty programs is to find niche pockets where our underwriting can add a new dimension. Adam’s New York Contractors General Liability program has been an example of this, and we’re therefore delighted to launch a second program with a similar framework – the eighth program Ethos now has in the market.
“The combination of data-backed underwriting and pricing means this more broad real estate program will provide a new solution to the market, fusing excellent capacity together with an efficient and well-structured program for brokers and their clients.”
