Growing MGU RB Jones has secured additional capacity from fellow H.W. Kaufman-owned entity, Atain Insurance Companies, which it will deploy to expand its Primary Marine and Excess Marine & Energy Liability business.
RB Jones is currently collaborating closely with Atain on an exclusive Ocean Marine Cargo program. According to the firm, this continued partnership will result in the development of new products and coverage solutions.
Mark Engel, Managing Director of RB Jones Marine & Energy, commented, “Today’s insurance marketplace conditions remain challenging with capacity constraints, particularly in the marine and energy sector – this expanded capacity signals our intention to grow this sector of our business.
“Our team is equipped with the expertise to provide the highly specialized solutions our clients require and now we have the added resources to match increased demand.”
Atain is an admitted and non-admitted P&C insurance company dedicated to serving niche programs and excess & surplus markets. It is “A” rated, Excellent IX, by AM Best.
Chris Zoidis, President & CEO of Atain Insurance Companies, said, “Atain’s relationship with RB Jones is built on trust and consistently strong results.
“We appreciate the sophisticated underwriting capabilities that RB Jones has developed and believe they have the right team in place to manage the increased Marine & Energy risk complexities that we continue to see in the marketplace.”
According to RB Jones, its performance in 2022 was strong, with a 40% growth that it attributed to several factors, such as the introduction of a specialised Solar underwriting facility, and the acquisition of an Ocean Cargo solution that uses sensor data collection and advanced analytics to offer improved pricing and coverage.
Further, Global Excess Partners, another H.W. Kaufman Group company, was rebranded as RB Jones Property in March of 2022 to create a more streamlined offering that delivers products and services for Large Property and Middle Market accounts.
RB Jones Professional also launched its flagship product ProConstruct, an exclusive program that provides Professional Liability coverage to a broad range of professionals within the construction lifecycle.
