March 11, 2019
CRC Group has joined with AmRisc to develop and underwrite new property programs, while also announcing a new offering in catastrophe coverage.
The partnership will build products under the name Insurisk.
The first product introduced from CRC, Insurisk CAT+, will offer up to $15mn in catastrophe exposed accounts.
The second product QSP+ is an exclusive quota share facility that will provide a follow-form solution with up to 50 percent participation in primary and/or excess layers.
CRC and AmRisc explained that in the coming month’s additional products that are under development and will be released.
Dave Obenauer, CRC Group’s CEO said: “We have the most actionable data in the wholesale business, and we are using that data to develop programs that help differentiate CRC Group in the eyes of our customers,”
“We have launched more than 10 new exclusive products in the last year, and each one is successfully meeting our customer’s needs in creative ways. We are excited that the Insurisk brand will now be the home for all our exclusives products.”
Neil Kessler, CRC Group’s chief operating officer (COO) added: “When we set out to develop proprietary property products and looked for a partner to help us do that AmRisc, LLC was a natural choice given the results they have delivered for carrier and capital partners over the last decade,”
“We are excited to work with AmRisc, LLC to bring new, creative products to market under the Insurisk name based on the investments we have been making in data and analytics over the last few years.”