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Third Party Underwriting

OVERVIEW

Third Party Underwriting is led by Rick Cullen and is based in Durham, North Carolina and Naperville, Illinois.  We identify and form strategic partnerships with Program Administrators that have developed expertise and can demonstrate a quantifiable track record of generating underwriting profits.  We have both admitted and non-admitted capabilities licensed nationwide. Our philosophy is to respond quickly with our knowledgeable team and to limit channel conflict.

TARGET PROGRAM

  • Target programs are specialized in either a class of business or an industry segment and are differentiated in the marketplace through reputation of the Program Administrator, underwriting knowledge, territory, distribution and/or a specialized approach such as use of predictive modeling.
  • We have a broad appetite by line and class of business including general liability, commercial package, commercial auto and accountants and realtors professional liability. Cat exposed or heavy property business can be considered in our property unit and workers compensation can be considered by RTW.

TYPICAL REQUIREMENTS

  • Minimum of $5,000,000 of premium depending on states/coverages required and the potential for the program to grow to a minimum of $10 million in a reasonable timeframe
  • Existing program with premium/loss/exposure data available for analysis

OUR CARRIERS

Admitted

Plaza Insurance Company has an A- XII (Excellent) Financial Strength Rating from A.M. Best.

Non-Admitted

Rockhill Insurance Company has an A- XII (Excellent) Financial Strength Rating from A.M. Best.

Locations

240 Leigh Farm Road Suite 175
Durham, NC 27707

1250 East Diehl Road Suite 103
Naperville, IL 60563

 




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