Reinsurance News

Quadrant and Verve forge exclusive partnership for regional risks

7th May 2024 - Author: Beth Musselwhite

Quadrant Insurance Managers and Verve Risk Services have announced the next phase of their long standing partnership, with Quadrant assuming the role of exclusive regional partner for Verve.

This partnership will focus on managing risks located specifically in North Carolina, Montana, Tennessee, and Vermont.

Together, they will offer insurance company management and professional liability coverage (D&O, EPL, Fiduciary, & PL), tailored for insurance companies, captives, Risk Retention Groups (RRGs), and other risk entities.

Named the “SCIP” Select Captives and Insurers Program, this collaboration will be written on Quadrant’s exclusive ACPRO policy form.

Mark Harris, CEO of Quadrant, highlights, “For over two decades we have worked in the insurance practice space as a program administrator and wholesaler and now as regional partner. Whatever our role, we understand the importance of balancing the needs of both the insureds and our company partners in both hard and soft markets.”

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Scott Simmons, Director and co-founder at Verve, states, “We share a similar underwriting philosophy of controlled growth through selective, thorough underwriting, and superior claims handling. We know the team at Quadrant well and are excited to take this next step in working together.”

Jillian Harris, President at Quadrant, adds, “Quadrant and Verve have developed a longstanding successful relationship that has continued to evolve. Timing is everything; and this is the right partnership at the right time.”

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