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A unit of wholesale brokerage Amwins Group Inc. is introducing coverage for automotive-related and other risks with a fronting insurer, it said Tuesday.
Trinity Underwriting Managers, a unit of Charlotte, North Carolina-based Amwins, will offer insurance for towing, automotive repossession, sand and gravel, paratransit and intermodal trucking businesses with fronting insurer Obsidian Insurance, a unit of San Francisco-based Genstar Capital LLC, a statement said.
Intermodal refers to the use of two carriers to transport goods from shipper to consignee.
The program provides $1 million in auto liability, $300,000 in cargo coverage and $250,000 for physical damage, according to a spokeswoman.
TUMI, as part of Amwins Underwriting, specializes in designing marketing and underwriting niche transportation programs, the announcement said.
It said the Obsidian partnership augments reinsurance relationships, providing the ability to write more premiums on a larger scale and expand its product and program offerings.
AmWINS Group Inc. has launched FloodFLEX, a new commercial property flood product, the specialty broker said in a statement Thursday.