Risk Theory launches surplus lines insurer Amherst Specialty

Risk Theory, a privately held specialty lines insurance manager, has launched Amherst Specialty Insurance Company.

Amherst is a Texas domiciled and a wholly-owned affiliate within the Risk Theory group of companies, and is an authorized surplus lines insurer with an A.M. Best rating of A- VIII.

This strategic affiliation aims to enable the company to harness its collective strengths and expertise to provide continuous, nimble, and specialized insurance solutions.

The insurer aims to insure eligible surplus lines products underwritten by Risk Theory programs, which includes underwriting programs like Risk Point Auto Dealer, Redstone Construction, Redstone Heavy Iron, and Jupiter Risk Services.

These programs provide coverage for Dealer Open Lot, Property, Garage Liability, General Liability, Crime, Inland Marine, Cyber, Pollution, and Excess Liability.

“We look forward to the enhanced opportunities that Amherst Specialty Insurance Company brings to Risk Theory.

“Our teams of experienced insurance professionals are dedicated to providing expert guidance and support and will communicate specific program details to their producer networks,” stated Risk Theory.

Risk Theory will continue to work with its third-party insuring partners for admitted lines products, namely Commercial Auto, which is underwritten by Striker and Risk Point (Garage).

In addition to its underwriting programs, Risk Theory will continue to administer claims for all underwritten programs through its TPA, Applied Claims Group.

The addition of Amherst Specialty provides Risk Theory with the ability to offer insurance products tailored to the distinct needs of its retail, wholesale, and reinsurance partners.

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