Auto, Home Insurance Bundler Branch Now Available in 25 States
Branch, an insurance company that touts “instantly-bundled” home and auto insurance, announced its expansion to the six states of Idaho, Iowa, New Hampshire, South Dakota, Tennessee, and Virginia.
These bring Branch’s total state roster to 25. The insurer aims to be available in all 50 states before the end of 2022.
Branch is underwritten by the Branch Insurance Exchange, Everspan Group, and General Security National Insurance Co. and backed by SCOR.
“Expanding our geographic availability brings incredible opportunity for Branch to offer our instant-bundle through more partners and independent agencies” shared Lekas.
Branch was launched in 2019 by insurance veteran Steve Lekas and tech entrepreneur Joe Emison, and is headquartered in Columbus, Ohio.
Pathpoint Brings Non-Admitted Products to Bold Penguin Platform
Pathpoint, which streamlines placing small commercial excess and surplus insurance accounts, and quoting platform Bold Penguin announced a partnership to increase retail agents’ access to Pathpoint’s non-admitted products.
The partnership will aid users of the Bold Penguin Terminal while expanding Pathpoint’s reach to new users and Bold Penguin’s market capacity through the addition of non-admitted products.
The Bold Penguin platform allows insurance agents to quickly obtain multiple small business quotes.
In the first phase of the integration, Pathpoint will offer its general liability coverage for small businesses, including contractors, lessor’s risk only (LRO), vacant property, and restaurants on the platform.
“Both our companies have a commitment to supporting agents through a faster and easier placement process,” said Alex Bargmann, Pathpoint’s chief executive officer. “By enabling Bold Penguin’s users to seamlessly access non-admitted solutions we’re, together, taking a lot of pain and friction out of the process for them.”
Jim Struntz, Bold Penguin’s chief operating officer said the agents his company works with have requested excess and surplus coverage and this step makes Pathpoint’s E&S solutions “available to the small businesses who need it most.”
Rokstone Construction Risk Underwriters Offers Owners’ Interest Program in the U.S.
Rokstone Construction Risk Underwriters has launched an Owners’ Interest insurance program for the U.S. market.
The managing general underwriter said it has secured capacity on a non-admitted basis nationwide with Sutton Specialty Insurance Co., rated A- VIII (Stable) by A.M. Best.
Owner’s interest insurance protects an owner from gaps in liability coverage during the construction phase of a specific project.
This new offering addresses coverage in an area with very limited capacity, according to Rokstone.
Rokstone CRU, which is part of the Aventum Group’s international’s managing general agency, specializes in casualty and builders’ risk insurance for large complex construction projects. It currently underwrites several specialty lines including marine, aviation, terrorism and political violence, direct and facultative property, treaty property, construction and engineering and liability.
Topics Liability Excess Surplus
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