Integrated Specialty Coverages (ISC), a general agent backed by investment manager Two Sigma, has entered into a new partnership with Accident Fund Group to provide additional capacity to its general liability programs for construction contractors.
ISC will enter the partnership via its subsidiary, Safebuilt Insurance Services, LLC (SIS Insure), which is a licensed program manager.
The partnership’s capacity is sourced from Accident Fund and a panel of reinsurers including Sompo, Everest and Topsail Re.
SIS Insure provides solutions for general liability and other customised insurance programs for general and commercial contractors and retail businesses.
The company’s online platform allows brokers in the construction vertical to quote and bind insurance for their clients using proprietary AI technology and data analytics.
The addition of AF Group to SIS Insure’s platform extends the capacity of its general liability insurance products for general and commercial contractors, which are driven through ISC’s AI-powered bot and rating and on-line policy management system.
“Having worked with AF Group over the last several years through our trucking and transportation business, Paramount General Agency, we are thrilled to expand our partnership to SIS Insure,” said Matt Grossberg, Founder and Chief Executive Officer of ISC.
“AF Group is an AM Best A (Excellent) rated best-in-class insurance provider, and we look forward to expanding our ability to provide brokers and their construction clients with access to superior general liability insurance programs.”
SIS Insure was formed in 2005 to provide customised insurance programs for the construction vertical, and was later acquired by ISC in 2019.
Founded in 2016, ISC is a technology company designed to provide brokers with access to niche insurance programs. It is backed by Sightway Capital, Two Sigma’s private equity business.
