Platinum Specialty Underwriters has announced gross written premiums of $200m, with a 50% growth rate driven by the success of five new product offerings to accompany the existing successful transportation program portfolio.
Jeff Heath, President of Platinum Specialty Underwriters, commented, “As specialist underwriting experts supporting our select wholesale customers, we are proud of our program offerings evolving to provide coverage for hard-to-place risks.
“We bring an entrepreneurial spirit to the underwriting process by being closer to all of the workings of our insurance company and reinsurance partners.”
Todd Germano, Managing Director, added, “Our optimism is grounded in our confident knowledge of the market. We enable entrepreneurial professionals to join us and build businesses that serve our wholesale partners.
“This enables us to design differentiated and flexible products that meet individual coverage needs, supported by superior systems and data capture.”
The five new product offerings include Platinum Construction, covering Artisan Contractors and local General Contractors. Platinum Bars & Taverns coverage, which includes full liquor liability, general liability and property.
Sierra Farm, covering agricultural service providers and Farms blending personal and commercial lines. Platinum Excess Liability, which focuses on midsized accounts in the Excess & Surplus space, and Platinum Management Liability, specialising in public Biotech, Tech, IPO’s and SPACS.
These new programs join the successful Platinum Transportation programs including Texas Trucking, Platinum Trucking Program, IPC and Platinum Excess Trucking.
