Fortegra, a global specialty insurer and subsidiary of Tiptree Inc., has announced a new collaboration whereby it will provide capacity to newly formed fronting specialist Adlaur LLC.
Adlaur is a newly created entity headquartered in New Jersey and led by former Spinnaker Insurance Company executives Adam Tyburski and Laurence Bunin.
The partnership will aim to bring capacity solutions to established managing general agents (MGAs) and program administrators operating in niche markets across the US.
Adlaur was set up to review a broad range of short-tail business, spanning property, liability, and specialty lines, with business to be sourced predominately through reinsurance broker markets, and written on an admitted and excess and surplus lines basis, initially focusing on excess and surplus lines programs.
“We are excited to support Adlaur and its trailblazing approach to program business,” said Mark Rattner, Executive Vice President, and Chief Underwriting Officer at Fortegra. “With this independent underwriter bringing company programs that have already been vetted, our strategic relationship will enable Fortegra to continue its growth by efficiently meeting the capacity needs of our MGA partners.”
Tyburski and Bunin also commented: “Working with Adlaur will enable carriers to utilize hard-to-find expertise, and having those experts build and execute a plan to source and manage a program’s business bespoke to those carriers’ appetites and requirements.”
“We are thrilled to launch our company with an entity that shares our values and our commitment to providing market-leading solutions. Together, we will help bring well-aligned solutions to established program managers.”
Adlaur can consider per risk gross limits up to $2.5 million or $1 million on a net basis after reinsurance.
Its target business will initially consist of smaller-limits commercial, niche personal and specialty lines, and strategic reinsurance for program business.
