The Fortegra Group, a global specialty insurer, has partnered with newly created entity Adlaur to provide underwriting capacity.
Fortegra and its subsidiaries have underwritten risk management solutions with the aim of helping people and businesses succeed in the face of uncertainty.
Adlaur is a newly created entity led by former Spinnaker Insurance Company executives Adam Tyburski and Laurence Bunin.
The companies said the relationship will bring intelligent capacity solutions to established managing general agents (MGAs) and program administrators operating in niche and dislocated markets across the US.
Adlaur said its unique approach brings together the capabilities of proactive sourcing, rigorous hands-on production partner oversight and reporting, and aptitude in complex reinsurance structuring and economic modelling.
The company was built to review a broad range of short-tail business, spanning property, liability, and specialty lines. Business will be sourced predominately through reinsurance broker markets and will be written on an admitted and excess and surplus lines basis, initially focusing on excess and surplus lines programs.
Adlaur can consider per risk gross limits up to $2.5m or $1m on a net basis after reinsurance. Its target business will initially consist of smaller-limits commercial, niche personal and specialty lines, and strategic reinsurance for program business.
Tyburski and Bunin said, “Working with Adlaur will enable carriers to utilize hard-to-find expertise, and having those experts build and execute a plan to source and manage a program’s business bespoke to those carriers’ appetites and requirements.
“We are thrilled to launch our company with an entity that shares our values and our commitment to providing market-leading solutions. Together, we will help bring well-aligned solutions to established program managers.”
Earlier this year, Coterie Insurance, the small business insurance disruptor with an automated underwriting engine, selected Relativity6’s API to strengthen underwriting.
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