NEW YORK, NY, 15 May 2020:
Ethos Specialty today announces the launch of a new commercial general liability program for U.S. real estate owners and managers; targeting apartments, condos, coops and commercial properties.
The new program utilizes advanced third party data analytics via multiple APIs, which are sensitive to the individual locations rather than general area. This proprietary model will allow the efficient targeting of accounts to offer fair and accurate terms and conditions, providing benefits to qualified buyers in this challenging market space.
The program offers primary $1M/$2M liability limits with supported excess of up to $5M and is available in all states, excluding New York and California. Primary coverage is provided by Ascot and Faraday, excess coverage is provided by Ascot.
The Real Estate program is the second under Ethos Specialty’s Casualty Division, which began writing New York Contractors in 2018. Joining in January 2020 to spearhead the program, Kieran Brooks, Vice President, will act as the lead underwriter, reporting to Executive Vice President & Head of Casualty, Adam Schnell.
Commenting on the program launch, Rory Cline, President & CEO, Ethos Specialty, said:
“Our approach to casualty programs is to find niche pockets where our underwriting can add a new dimension. Adam’s New York Contractors General Liability program has been an example of this, and we’re therefore delighted to launch a second program with a similar framework – the eighth program Ethos now has in the market.
“The combination of data-backed underwriting and pricing means this more broad real estate program will provide a new solution to the market, fusing excellent capacity together with an efficient and well-structured program for brokers and their clients.”