Benchmark Insurance Company, a writer of program business and subsidiary of Trean Insurance Group, has formed a new excess and surplus (E&S) lines subsidiary, Benchmark Specialty Insurance Company.
Benchmark Specialty is an Arkansas domestic surplus lines carrier and appears destined to become the main E&S carrier for the Trean group of companies.
The new entity joins Benchmark Insurance Company, a Kansas domiciled carrier, American Liberty Insurance Company, a Utah domiciled carrier, and 7710 Insurance Company, a South Carolina based carrier, as members of the Trean Insurance Group.
Now that it has secured approval in its domicile state of Arkansas, Benchmark’s new E&S subsidiary is working to obtain the remaining regulatory approvals necessary to conduct business throughout the United States.
With admitted and non-admitted carriers, Trean Insurance Group companies have the capability to offer a full range of risk solutions to our Program Partners and General Agents.
Recently, Trean Insurance Group reported gross written premiums (GWP) of $156.6 million for the second quarter of 2021, compared to $109.6 million for the same prior year period.
