Amwins Launches New Excess Casualty Sidecar Program Through SRU

Amwins is set to broaden its influence in the casualty insurance sector with the debut of its Excess Casualty Sidecar Program, introduced by its underwriting division, Special Risk Underwriters (SRU). This initiative represents SRU's initial foray into casualty insurance products and is engineered to meet the increasing demands for adaptive, high-limit liability coverage.

The program is exclusively accessible via Amwins brokers and operates on a quota-share basis, utilizing A+ rated paper. Designed to serve a diverse range of industries across the nation, the Excess Casualty Sidecar Program offers enhancements like capacity expansion and broad industry suitability, enabling brokers to either augment existing limits or bridge the gaps left by traditional providers.

Mark Bernacki, Amwins chief underwriting officer, emphasized the strategic significance of this new casualty product. By facilitating quota share support, the program allows brokers to potentially double their capacity or effectively manage capacity shortages with carrier partners, demonstrating its value in the current market landscape. This move by Amwins could reflect a strategic expansion in their product offerings, aiming to leverage existing broker networks and address market needs with innovative solutions.