Technical Risk Underwriters (TRU), a Ryan Specialty Group managing general underwriter focused on construction, has secured $100 million of wood frame builder’s risk capacity, effective January 1, 2022.
This newly secured wood frame capacity is offered in addition to TRU’s $150 million of construction builder’s risk capacity and $100 million of critical flood, earthquake and / or named windstorm capacity.
TRU’s said it was able to gain this capacity in part thanks to its loss control methods, which include utilizing thermal technology solutions to reduce risk of fire, implementing waterflow detection systems to reduce water damage losses and designing new security solutions for construction projects.
“We are thrilled to have secured this new wood frame capacity, which will help fill a growing need in the industry,” commented TRU Chief Executive Officer Katie Davies.
“We are so proud of our team and the work they do every day, and we are excited to continue innovating in this sector.”
Chris Burns, President of TRU, added: “This groundbreaking achievement is a testament to the skills of our veteran underwriters and forward-thinking loss control team, which has allowed us to further solidify our leadership position in this very challenging class of business.”
