CRC Group, an independent wholesale specialty insurance distributor, announced the launch of a mid-market property program on its Insurrisk platform, providing responsiveness and specialty underwriting solutions for non-catastrophe commercial property risks.
The program supports single location and small value accounts with a streamlined underwriting approach and efficient market access. It is supported by papers rated “A-” or higher by AM Best.
The facility offers up to $50 million in capacity and supports risks with a total insured value of up to $50 million, with a minimum premium of $25,000.
The program is designed for a broad range of mid-market property categories, including offices, residential or retail properties, light manufacturing, warehousing and distribution, hotels and educational or institutional occupancy. Coverage includes property protection on an all-risks basis.
The launch further expands Insurrisk’s property underwriting capabilities and reinforces CRC Group’s wider strategy to develop differentiated solutions in response to changing market conditions and customer needs.
Alex Bonds, president of Insurrisk, said: “Insurrisk middle market properties reflect our ongoing commitment to delivering specialized underwriting solutions that are backed by responsiveness and rigorous risk selection.
“This program provides brokers with a flexible and efficient solution for middle-market real estate risk while maintaining a strong underwriting approach across the entire portfolio.”
