AmRisc launches Calais Reciprocal Insurance Exchange

AmRisc, a subsidiary of CRC Group, has launched Calais Reciprocal Insurance Exchange, a new Illinois-domiciled reciprocal insurer backed by $100 million in funding and rated A- (Excellent) by AM Best. AmRisc will act as the exclusive MGA for Calais, which will add capacity to its coastal commercial E&S property and California DIC offerings.

Calais joins AmRisc’s carrier panel to help bring more stability to dislocated coastal markets. The launch is supported by Stone Point Capital, CD&R, and other strategic investors.

“We are pleased to announce the formation of Calais Reciprocal Insurance Exchange, which, alongside our existing high-quality carrier partners, will further allow us to serve the coastal commercial E&S property market that we have supported for more than 25 years.” – Brian Reid, CEO of AmRisc.

“With the establishment of Calais, AmRisc is introducing a fresh source of capacity to the market for brokers while ensuring greater long-term stability for policyholders.” – Laura Beckmann, AmRisc’s President and Chief Operating Officer.