SPECIALTY MARKETS

 

Insurance Program


Specialty Markets is committed to meeting the needs of program administrators.

Your insurance program requirements are unique. Our wide range of insurance products and our in-depth industry expertise allow us to craft programs that meet your specific needs. Whether you need a primary insurance program or umbrella insurance program (supported or unsupported), our dedicated client groups provide solutions through our affiliated, highly rated insurance companies. We work closely with you to develop underwriting guidelines, authorities, and procedures that reflect your strengths and experience. Our goal is to develop a long-term, mutually profitable relationship. We do this by cooperatively creating comprehensive solutions that balance your risk-taking appetite, financial objectives, and operating capacity.

We believe in partnering with the “best in the business,” which allows us to take an unbundled approach to your business that keeps you in control. Primary responsibility for your program’s claims administration, risk control, and underwriting remains with you, whether in-house or contracted by you to a third-party provider. Another important benefit of working together with Specialty Markets arises from our reinsurance roots: we do not have an independent insurance agency system that will compete with your business.

We prefer $10 million annualized gross written premium for supported casualty and multi-line packages, $5 million for unsupported umbrella business, and $5 million for property lines and professional liability lines.

Products

ISO Standard Lines

  • Commercial package
  • General liability
  • Automobile liability
  • Property
  • Inland marine (AAIS non-filed classes)
  • Crime

Worker's Compensation

  • Primary capability

Excess Liability Products

  • Umbrella
  • Follow form

Specialty and Professional Liability Lines

  • Filings may be required for unique or manuscript forms or proprietary rating plans.

Surplus Lines

  • All exportable lines, including professional liability

Available Programs

  • Program Description Lines of business written Contact
    All Risk: predominately EQ business needing all risk coverage. Property Charles Vigilante
    609.243.4332
    Builder‘s Risk: Commercial and residential projects under $150m TIV. Inland Marine

    Terri Vicari
    609.275.2028

    Commercial Umbrella: Commercial umbrella coverage for apartment rental units, office buildings, warehouses. Commercial Umbrella Jerry Prendergast
    312. 993.8765
    Commercial Agriculture: fruits & vegetables, feed, hay, grain dealers. Property, General Liability, Auto, Workers Compensation, Inland Marine and Umbrella Gary Edwards
    609.243.4435
    Commercial Auto: Specializes in commercial automobile fleets operating on a local and/or intermediate basis. Commercial Auto David Grimley
    609.275.2112
    Condominiums: Umbrella coverage for condominiums. Commercial Excess and Umbrella Jerry Prendergast
    312. 993.8765
    Day Care: Primarily childcare/day care and nursery schools with policy limits up to $5m. Abuse can be offered subject to good risk management practices. Umbrella John Grantland
    215.814.1530
    DIC business, mostly California. Property Charles Vigilante
    609.243.4332
    DIC: Small commercial earthquake business. Property David Brown
    609.243.4292
    Educational Institutions: K-12 public & private and charter schools; community colleges & small universities. Property, General Liability, Auto & Inland Marine and Umbrella William Gallagher
    609.243.4270
    Emergency Services Organizations: Non-profit emergency services operations, predominately volunteer fire departments and rescue squads. Property, Portable Equipment (Inland Marine), General Liability, Professional Health Care Liability, Management Liability, Auto, Crime, Equipment Breakdown, and Umbrella Keith Farrell
    609.243.4376
    Express Hotels and Coastal Condos: Small to mid-size hotels/coastal condos under $12M TIV. Property, General Liability, Crime, Equipment Breakdown Katherine Girard
    609.951.8044
    Farm and Ranch Owners: Gentlemen farmers, poultry and swine confinement operations. Property, General Liability, Auto & Inland Marine Gary Edwards
    609.243.4435
    Habitational: Mid-Atlantic habitational and lessors risk only (generally under $20m per location) Property, General Liability David Brown
    609.243.4292
    Lessor’s Risk: Umbrella coverage for apartments, office buildings and other “LRO” exposures. Commercial Excess and Umbrella Jerry Prendergast
    312. 993.8765
    Mobile Equipment: Contractor's equipment schedules Inland Marine Terri Vicari
    609.275.2028
    Multi-class Commercial Umbrella: Multi class unsupported umbrella facility offering limits up to $5m.   Umbrella John Grantland
    215.814.1530
    Multi-class Commercial Umbrella Commercial Excess and Umbrella Suzanne Boothe
    404.364.8679
    Non-medical Healthcare Facilities: Non-profit and for-profit hospice, home health care, and domestic service providers (non-medical) . Property, Inland Marine, General Liability, Medical Professional Liability, Auto (incl. PhysDam), D&O (incl. EPLI) Crime, Equipment Breakdown, Umbrella Keith Farrell
    609.243.4376
    Non-Subscription coverage (available in Texas only). Non-Subscription John Willemsen
    609.243.5534
    Personal Umbrella: Personal umbrella coverage for individual insureds. Personal Umbrella with limited Commercial Umbrella availability Jerry Prendergast
    312. 993.8765
    Property: Middle market wind-driven property business. Property William Franchi
    609.452.3992
    Public Auto: Buses (school and charter) and limousines Auto, General Liability, Umbrella Vince Raspa
    609.275.2057
    Public Entity: Focuses on local and/or county governments and public and private water supply systems primarily in PA, NJ, DE. Umbrella John Grantland
    215.814.1530
    Public Entity: Umbrella coverage for municipalities. Commercial Excess and Umbrella Jerry Prendergast
    312. 993.8765
    Public Practice: Municipalities with a population of 75,000 or less including special purpose entities, and entities that treat, distribute, or store water. Property, Portable Equipment (Inland Marine), General Liability, Public Officials, Law Enforcement, Auto, Crime, Equipment Breakdown, and Umbrella Keith Farrell
    609.243.4376
    Real Estate E&O: Coverage for real estate agents with policy limits up to $2 million primarily in California. Professional Liability John Grantland
    215.814.1530
    Religious: Churches and Associated Schools Property, General Liability, Auto, Professional Liability, WC & Inland Marine, Umbrella William Franchi
    609.452.3992
    Religious Institutions Property, General Liability, Auto & Inland Marine, Umbrella William Gallagher
    243-4270
    Self-Storage Units Property, General Liability, Auto, WC & Inland Marine, Umbrella Katherine Girard
    609.951.8044
    Senior Living Program: Nursing homes, assisted living facilities and independent living facilities throughout the country. Professional Liability, General Liability, Umbrella, Employee Benefits Liability and Ancillary Coverages Vince Raspa
    609.275.2057
    Specialty Casualty: Specialty contractors involved in street and road construction and related fields primarily in the northeast Umbrella, Commercial Auto, CGL John Grantland
    215.814.1530
    Social Services Property, General Liability, Auto & Inland Marine, Umbrella William Gallagher
    243-4270
    Specialty Casualty: Specialty contractors involved in street and road construction and related fields primarily in the northeast. Umbrella, Commercial Auto, CGL John Grantland
    215.814.1530
    Towing: Towing, recovery, and auto transport Auto, General Liability, Inland Marine, Property William Virgilio
    609.243.4509
    Wood Products: loggers, saw mills, and lumberyards Property, General Liability, Auto, WC & Inland Marine Katherine Girard
    609.951.8044
    Workers Compensation: Small commercial workers compensation Workers Compensation William Virgilio
    609.243.4509

    Services
    We can provide access to experts in all disciplines, including:

  • Claims
  • Contracts
  • Actuarial
  •  
  • Finance
  • Risk control
  •  

    Munich Re America Corporation's primary insurance companies provide additional capabilities for our clients.
    American Alternative Insurance Corporation (AAIC) is an insurance company domiciled in Delaware. AAIC is a subsidiary of Munich Re America Corporation and an affiliate of Munich Reinsurance America, Inc. The company is an admitted insurer in all 50 states and the District of Columbia. The company writes predominantly commercial lines insurance.

    The Princeton Excess and Surplus Lines Insurance Company (PESLIC) is an insurance company domiciled in Delaware. PESLIC is a subsidiary of Munich Re America Corporation and an affiliate of Munich Reinsurance America, Inc. PESLIC is admitted in Delaware and operates on a surplus lines basis in all other states and the District of Columbia. The company writes commercial lines insurance as permitted by the surplus lines laws in the states in which it is authorized. Business can be accepted only from licensed surplus lines brokers.

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