Amwins launches E&S property program CoverCap
By Isha Marathe
April 24 - (The Insurer) - Amwins has launched CoverCap, an E&S program providing primary property coverage for middle-market risks and backed by AM Best A rated carrier partners.
CoverCap is a full-limit solution for commercial property risks of up to $50 million in total insured value.
The program is currently focused on properties with total insured values below $50 million, but can be used alongside other Amwins-exclusive facilities to address larger schedules or Tier 1 wind risks within a single policy.
"By leveraging our unmatched market access and data-driven insights, we're able to build exclusive solutions like CoverCap that directly respond to evolving market needs," said Jeff McNatt, president at Amwins Brokerage.
Earlier in April, Amwins announced the launch of its new excess casualty sidecar program, confirming earlier reporting from this publication that the wholesaler’s Special Risk Underwriters unit had brought the new MSIG capacity-backed offering to market.
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