Jane Dotson
AM Specialty Insurance Group is a leading provider of specialty insurance solutions, with a focus on the primary domestic insurance business in the Commercial Specialty class. The group is comprised of AM Specialty Insurance Company (ASIC), AM RE Syndicate, AM Star Claims, and Pinpoint Insurance Solutions. ASIC is an Arizona-domiciled domestic Excess and Surplus Insurance Company and an Accredited Reinsurer, with a unique business model that allows for collaborative risk-sharing and customized reinsurance capacity for its partners. The company has received excellent financial strength and credit ratings, reflecting its stable and resilient business model. AM Specialty Group is committed to expanding its product offerings and enhancing its service capabilities in the excess and surplus insurance market. They also foster long-term relationships within the insurance sector. The group's CEO, Shevawn Barder, has been recognized for her leadership and significant contributions to the insurance industry.
| Characteristics | Values |
|---|---|
| Company Type | Excess and Surplus Insurance Company |
| Accreditation | Accredited Reinsurer |
| Financial Strength Rating | A- (Excellent) |
| Long-Term Issuer Credit Rating | "a-" (Excellent) |
| Business Model | Collaborative risk-sharing, access to customized reinsurance capacity for partners |
| Target Market | Primary program insurance business segment in the US domestic market |
| Specialty | Commercial Specialty class |
| Coverage | Flexible, evaluates firms on individual merit |
| Underwriting Approach | Multi-disciplinary, covering commercial and niche property, casualty, transportation, ocean and inland marine, cyber, and miscellaneous specialty lines |
| Ownership | AM Holding Co. owns 100% of AM Specialty Insurance Company (ASIC) |
| Recent Acquisition | Pinpoint Insurance Solutions |
| CEO | Shevawn Barder |
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What You'll Learn
- AM Specialty Insurance Group is a leading provider of specialty insurance solutions?
- ASIC works with program administrators, brokers, and underwriters to streamline processes
- AM Specialty caters to the primary program insurance business segment of the US domestic market?
- ASIC has been assigned a Financial Strength Rating of A- (Excellent)
- AM Holding Co. owns 100% of its subsidiaries, including AM Specialty Insurance Company?
AM Specialty Insurance Group is a leading provider of specialty insurance solutions
AM Specialty Insurance Group (AMSIG) is a leading provider of specialty insurance solutions. It is a group of insurance companies that aims to achieve a high rate of return on invested capital and build long-term shareholder value. The group is comprised of AM Specialty Insurance Company (ASIC), an Arizona-domiciled domestic Excess and Surplus Insurance Company and an Accredited Reinsurer; AM RE Syndicate, which facilitates efficient risk transfer between insurance companies; and AM Star Claims, an attorney-led management company providing various services for insurance providers in the specialty market.
ASIC has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) by AM Best. It works with program administrators, brokers, and underwriters to streamline processes and optimize efficiencies for the insured. ASIC's multi-disciplinary underwriting approach allows it to write various specialty lines, including commercial and niche property, casualty, transportation, ocean and inland marine, cyber, and other specialty lines.
AM Specialty Insurance Group recently acquired Pinpoint Insurance Solutions, a national program administrator and managing general agency (MGA) specializing in excess and surplus (E&S) insurance. This acquisition expands the group's capabilities and product offerings in the E&S insurance market, allowing it to serve a broader array of clients. Pinpoint Insurance Solutions brings agility and innovative thinking to the group, enhancing its ability to provide tailored solutions to its customers.
AM Specialty Insurance Group is committed to excellence and a client-centric approach. The group sets industry standards for quality and service, consistently adding value to its partners and providing customized coverage and superior service. With its vast experience and long-standing relationships in the reinsurance industry, AM Specialty Insurance Group is well-positioned to offer stable and reliable risk solutions to the specialty market.
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ASIC works with program administrators, brokers, and underwriters to streamline processes
AM Specialty Insurance Group (through parent company AM Holding Co.) is a group of insurance companies whose corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. AM Specialty Insurance Group comprises AM Specialty Insurance Company (ASIC), AM RE Syndicate, and AM Star Claims.
ASIC is an Arizona-domiciled domestic Excess and Surplus Insurance Company and an Accredited Reinsurer. It has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) by AM Best.
ASIC's business model is unique in that it allows for collaborative risk-sharing and access to customized reinsurance capacity for its partners. The company works in tandem with program administrators, brokers, and underwriters to streamline program market processes and optimize value chain efficiencies all the way to the insured.
ASIC utilizes a multi-disciplinary underwriting approach to write various specialty lines as a non-admitted carrier. This includes commercial and niche property, casualty, transportation, ocean and inland marine, cyber, and miscellaneous specialty lines.
ASIC caters to the primary program insurance business segment of the U.S. domestic market, focusing on primary domestic insurance business in the Commercial Specialty class. This business is written by third-party program administrators and is well-geographically spread and non-NAT CAT exposed.
ASIC's underwriters are empowered to utilize their own experience and expertise to make decisions, and the company prides itself on its technical underwriting expertise, proven in-house analytics, proprietary software, and robust claims oversight capabilities.
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$8
$9.97 $19.99
AM Specialty caters to the primary program insurance business segment of the US domestic market
AM Specialty Insurance Group (AM Specialty) is a leading provider of specialty insurance solutions in the US domestic market. The group comprises AM Specialty Insurance Company (ASIC), AM RE Syndicate, AM Star Claims, and Pinpoint Insurance Solutions.
ASIC is an Arizona-domiciled domestic excess and surplus insurance company and an accredited reinsurer. It has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) by AM Best. ASIC's business model is unique in that it allows for collaborative risk-sharing and access to customized reinsurance capacity for its partners. The company works closely with program administrators, brokers, and underwriters to streamline processes and optimize efficiencies for the insured.
ASIC caters to the primary program insurance business segment of the US domestic market. It focuses on primary domestic insurance business in the Commercial Specialty class, which is written by third-party program administrators. This business tends to have a very low limit utilization, typically between $1 million and $2 million, and is well-spread geographically with no NAT CAT exposure.
ASIC's underwriters are empowered to utilize their experience and expertise to make decisions and write various specialty lines. These include commercial and niche property, casualty, transportation, ocean and inland marine, cyber, and other miscellaneous specialty lines. By being a non-admitted carrier, ASIC can offer flexibility in coverage and evaluate firms based on their individual merit rather than just historical performance.
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ASIC has been assigned a Financial Strength Rating of A- (Excellent)
AM Specialty Insurance Company (ASIC) is an Arizona-domiciled domestic Excess and Surplus Insurance Company and an Accredited Reinsurer. It has been assigned a Financial Strength Rating of A- (Excellent) by AM Best. This rating indicates ASIC's fiscal soundness and ability to pay claims made by its policyholders.
ASIC's business model is unique in that it allows for collaborative risk-sharing and access to customized reinsurance capacity for its partners. The company works closely with program administrators, brokers, and underwriters to streamline program market processes and optimize efficiencies for the insured.
ASIC's underwriting approach covers various specialty lines, including commercial and niche property, casualty, transportation, ocean and inland marine, cyber, and miscellaneous specialty lines. As a non-admitted carrier, ASIC can offer flexibility in coverage and evaluate firms based on their individual merits rather than just historical performance.
The Financial Strength Rating of A- (Excellent) is a strong indicator of ASIC's financial health and stability. Consumers are advised to review their insurers' financial strength ratings annually to ensure they maintain a high rating. While the specific criteria for AM Best's ratings are not publicly available, it is reasonable to assume that they consider various factors, including potential exposure to catastrophic events, market position, regulatory challenges, and financial metrics such as liquidity and sales growth.
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AM Holding Co. owns 100% of its subsidiaries, including AM Specialty Insurance Company
AM Specialty Insurance Group (AM Holding Co.) is a group of insurance companies that strive to achieve a high rate of return on invested capital and build long-term shareholder value. AM Holding Co. owns 100% of its subsidiaries, including AM Specialty Insurance Company (ASIC), AM RE Syndicate, AM Star Claims, and Pinpoint Insurance Solutions.
AM Specialty Insurance Company (ASIC) is an Arizona-domiciled domestic Excess and Surplus Insurance Company and an Accredited Reinsurer. It has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) by AM Best. ASIC's business model allows for collaborative risk-sharing and access to customized reinsurance capacity for its partners. The company works closely with program administrators, brokers, and underwriters to streamline processes and optimize efficiencies for the insured.
ASIC utilizes a multi-disciplinary underwriting approach to write various specialty lines, including commercial and niche property, casualty, transportation, ocean and inland marine, cyber, and miscellaneous specialty lines. As a non-admitted carrier, ASIC can be flexible with coverage and evaluate firms based on their individual merits rather than just historical performance.
AM Holding Co.'s ownership of ASIC and other subsidiaries demonstrates its commitment to providing comprehensive specialty insurance solutions and enhancing its presence in the insurance market.
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Frequently asked questions
AM Specialty Insurance Group is a group of insurance companies whose corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value.
AM Specialty Insurance Group is comprised of AM Specialty Insurance Company, AM RE Syndicate, AM Star Claims, and Pinpoint Insurance Solutions.
AM Specialty Insurance Company (ASIC) is an Arizona-authorized domestic Excess and Surplus Insurance Company and an Accredited Reinsurer.
AM RE Syndicate creates efficient risk transfer between best-in-class primary MGAs and institutional investors to provide investment opportunities outside of the natural catastrophe space for a diversified and predictable return.
AM Star Claims is an attorney-led management company that provides Claims Management & Litigation Consultancy, Underwriting Review, and Operational Oversight & Review services for insurance providers in the specialty market.
