AM Specialty launhces new pet insurance solution

AM Specialty Insurance Company and insurance agency Swain & Baldwin Insurance & Risk Management announced the launch of the PawPro Pet Insurance Program, a comprehensive pet insurance solution tailored for renters with pets.

Initially available in Texas, the PawPro Pet Insurance Program is designed to meet the needs of pet-owning renters, providing a broad range of essential coverages such as emergency pet boarding, lost pet advertising and reward, death from injury or illness, veterinary fees, and vacation cancellation.

The product will be distributed through Swain & Baldwin’s network of retail agents and made available directly to consumers. Swain & Baldwin is rolling out PawPro alongside its existing renters’ insurance program.

AM Specialty Insurance will retain 100% of the program, which is expected to generate $7.5 million in written premium in its first year, with plans to scale to $20 million within three years.

“Partnering with Swain & Baldwin to launch PawPro allows us to offer pet owners peace of mind by bundling comprehensive pet insurance with their renters’ policies. With Swain & Baldwin’s existing distribution network and trusted relationships in the renters market, we are confident this program will be a great success.” – Dominick Tassone Jr, Chief Underwriting Officer at AM Specialty Insurance.

“We’ve always prioritized offering our clients high-quality, affordable coverage tailored to their needs, and we are thrilled to extend that same commitment to pet owners with the PawPro Pet Insurance Program. Pets are family, and we’re excited to provide the protection they deserve.” – Matt Baldwin, Chief Underwriting Officer at Swain & Baldwin.