Delos Insurance partners with Lloyd’s of London
Property insurance broker Delos Insurance Solutions announced that it will offer wildfire insurance to more California policyholders with vacant properties. Delos is expanding its coverage availability through a new partnership with certain underwriters at Lloyd's of London.
Founded in 2016, Delos claims to leverage wildfire science and satellite imagery to offer home insurance coverage in areas with limited options. As a specialist managing general agent, authorized to underwrite on behalf of insurance companies, Delos can update its predictive wildfire model’s data set with new information within six weeks. This allows the team to adapt and react to new evolutions in wildfire peril and remain profitable even as climate change amplifies catastrophe risks.
“The Lloyd’s underwriters we are working with have established successful books of vacant home business in California, and we are excited to partner with them to use their strong market foundation to safely grow the business. With this product and the partnership with Lloyd’s underwriters, we can help homeowners fill the coverage gap that exists between their traditional homeowner’s policy and their vacancy status. We are committed to creating insurance products that will help more homeowners in California, who may otherwise go uninsured, find insurance coverage.” – Delos CEO and Co-Founder Kevin Stein.