Wholesale broker Northeast National Brokerage LLC has launched an underwriting facility, registered at Lloyd’s, that specializes in excess liability for the petroleum distribution industry.
Available across the continental United States, the program offers $5 million in capacity for both lead and excess positions. The underwriting team will be led by brokerage President Jack Kramer, the company announced.
Coverage will be structured as follow-form excess via the ISO Commercial Excess Liability Coverage Form, with coverages including pollution, misdelivery, automatic fill and liquor. All of the risk has been placed with Lloyd’s underwriters, including syndicates managed by Chaucer PLC and Chubb Managing Agent Ltd.
Northeast National Brokerage distributes its insurance products through retail and wholesale brokers, operating as both a wholesale broker and MGA. The firm has business in 45 states and offices in Bloomfield, Conn. and Buffalo, N.Y.
Topics Agencies Excess Surplus Underwriting
Was this article valuable?
Here are more articles you may enjoy.
State Farm to Increase Claims Workforce by 3,000 
Cleared of Charges, NJ’s Norcross Sues Inquirer, Editor for $100M in Defamation Suit 
CVC-Backed Home Insurance Firm Bamboo Said to Postpone IPO 
FEMA’s New Flood Maps Means More Homes Require Flood Insurance: Cotality 
