MSI Launches Specialized Habitational CGL Insurance Amid Market Challenges

MSI™, a leading independent managing general agency (MGA) in the U.S., has introduced a new commercial general liability (CGL) insurance product tailored for habitational property owners, specifically covering residential dwellings such as apartments, condominiums, and townhomes. This launch addresses critical market challenges, including rising claims costs, evolving litigation risks, and constrained insurance capacity affecting habitational property owners. Backed by an A.M. Best A+ rated insurer, the solution offers robust and flexible coverage designed to protect property investments amid an uncertain insurance market landscape.

This new offering adds to MSI's expanding portfolio of over 20 insurance products, emphasizing the company's focus on niche markets and specialized insurance solutions. MSI leverages its underwriting expertise and access to insurer and reinsurer risk capacity to provide customized solutions that assist distribution partners in meeting complex client needs and growing their businesses.

The product development reflects MSI's strategic commitment to delivering responsive service and innovative solutions that enhance risk management for property owners. It further exemplifies the MGA's role in navigating insurance industry challenges such as capacity tightening and increased claims frequency, which are driving shifts in commercial lines product design and pricing.

MSI operates as an indirect subsidiary of The Baldwin Insurance Group, a publicly traded insurance distribution firm that supports over three million clients through a comprehensive approach to risk management and insurance services. The Baldwin Group integrates expertise and capital deployment to foster organic and inorganic growth, aligning with MSI's mission to build better insurance solutions.

The launch of MSI's habitational CGL product occurs in a regulatory and market environment where property owners and insurance providers face heightened uncertainty, signaling the industry's ongoing adaptation to risk exposures and underwriting complexities in commercial general liability coverage. This development underscores the importance of crafted insurance products to address evolving needs within the habitational property sector.