Commercial Specialty, a division of Tower Group Companies, provides unique property and casualty specialty insurance solutions to managing general agencies and program agents who underwrite specialty program business. Tower Group Companies is rated A- by A.M, Best*, and is licensed to provide admitted products in 49 states plus D.C. and non-admitted products in 31 states.
Commercial Specialty focuses on underwriting complex classes requiring significant expertise and market knowledge with the following characteristics: defined homogenous classes, unique specialty market segments under-served by standard carriers, and established books of business with a proven record of underwriting profitability. Examples of existing programs include:
Commercial Specialty has the flexibility to support the differing business models of MGAs and Program Agents. We provide underwriting, operational, or claims handling capabilities to partners who need it and will also accommodate partners that have their own underwriting, operational, and claims handling capabilities.
Our wide range of services includes:
Commercial Specialty’s broad range of coverages, include:
To get started, all you need to do is complete a questionnaire providing background information and business plans and provide 5 years of actuarial history. We will sign a confidentiality agreement to protect our prospective clients, evaluate the program, conduct due diligence and provide a prompt response, and provide consultative support to design the optimal structure customized to meet your needs.
*For the latest rating, please access www.ambest.com