Chicago-based Ryan Specialty Group LLC (RSG) has launched Technical Risk Underwriters (TRU), a specialty managing general underwriter (MGU) focused on providing best in class underwriting for complex construction and property risks. TRU is headquartered in Austin, Texas.
The MGU is led by an experienced group of underwriters, engineers and construction specialists dedicated to developing and deploying new analytical tools for broadening clients’ property risk-transfer options.
TRU provides immediate availability of a Course of Construction Difference in Conditions (DIC) and Deductible Buy-Down Program. The program is backed by A.M. Best currently rated “A+” XV insurers with capacity for policies that may be up to 36-month term. Coverage capabilities include: named windstorm and storm surge, earth movement including sprinkler leakage, flood, including soft costs and extra expense, and is available for projects of all sizes and scope.
“CAT exposed risks require the attention of veteran specialists with the latest underwriting technology,” stated TRU President Michael J. Pilla “We pride ourselves on our ability to provide relevant insurance products. In addition, our underwriting experience, combined with our technical modeling and other capabilities, enhance our ability to provide responsive solutions to sophisticated coverage requests. TRU is also in the process of developing other products for construction and technical risk clients that range from small projects to large engineered risks.”
Source: Ryan Specialty Group
Topics Texas Excess Surplus Underwriting Insurance Wholesale Construction
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