Amwins Launches CoverCap for Middle-Market Commercial Property Coverage
Amwins, a specialty insurance products distributor, has launched CoverCap, a new insurance solution targeting middle-market commercial property risks with a total insured value (TIV) up to $50 million. This program is designed to provide primary property coverage through Amwins brokers, focusing on efficient capacity and streamlined decision-making within the excess and surplus lines market segment. CoverCap aims to simplify the quoting process and accommodates a broad range of occupancy types, making it well-suited for mid-size commercial insurance clients.
The policy can be integrated with other Amwins facilities to manage larger schedules and Tier 1 wind risks collectively under a unified policy framework. This approach allows for comprehensive risk management and efficient coverage for complex commercial property portfolios. Amwins leverages its market access and data-driven insights to tailor solutions like CoverCap, responding to evolving demands in the commercial property insurance market.
Amwins continues to expand its product offerings in specialty insurance, having recently introduced the Public Entity Excess Casualty Programme that addresses liability risks for public entities such as municipalities and schools. Operating from Charlotte, North Carolina, Amwins has a significant global presence with more than 138 offices and an annual premium placement exceeding $44.5 billion. As a wholesale distributor, Amwins provides property, casualty, specialty group benefits, and administrative services to retail insurance agents.
The introduction of CoverCap underscores ongoing innovation within the specialty insurance sector, particularly in addressing coverage gaps for middle-market commercial property owners. By offering a streamlined solution that improves underwriting efficiency and broadens occupancy eligibility, Amwins is positioned to enhance client competitiveness and risk management. This development is relevant to insurers, brokers, and risk managers focused on optimizing property insurance products in a dynamic market environment.