RT Specialty launches public entity casualty program

By Mia MacGregor

April 24 - (The Insurer) - RT Specialty has launched a public entity casualty program (RSPE) offering liability coverage up to $5 million for public entities.

Supported by an AM Best A-rated carrier and a panel of global reinsurers, RSPE provides flexible structures and stability for municipalities, educational institutions, special service districts and transit authorities, according to the company.

The product is designed for pools and individual risks, with a minimum self-insured retention of $100,000 and minimum premium of $125,000 per account.

The program includes liability coverage up to $5 million per occurrence, which is available as follow-form excess, retained limits or reinsurance, and customizable options.

"By incorporating this program into newly created RT Specialty-embedded facilities, we are equipping our clients who represent public entities with a streamlined coverage placement solution that meets the growing need for extensive and innovative risk management strategies,” said Chris Connacher, RT Specialty senior vice president of public entity.