Fortegra to provide underwriting capacity to newly formed Adlaur
Fortegra, a global specialty insurer and subsidiary of Tiptree, announced a collaboration with Adlaur LLC, the newly created entity led by former Spinnaker Insurance Company executives Adam Tyburski and Laurence Bunin. The relationship will bring “intelligent capacity solutions” to established managing general agents and program administrators operating in niche and dislocated markets across the US.
Adlaur’s approach brings together the capabilities of proactive sourcing, rigorous hands-on production partner oversight and reporting, and aptitude in complex reinsurance structuring and economic modeling. The company was built to review a broad range of short-tail business, spanning property, liability, and specialty lines. Business will be sourced predominately through reinsurance broker markets and will be written on an admitted and excess and surplus lines basis, initially focusing on excess and surplus lines programs.
Adlaur can consider per risk gross limits up to $2.5 million or $1 million on a net basis after reinsurance. Its target business will initially consist of smaller-limits commercial, niche personal and specialty lines, and strategic reinsurance for program business. The company is headquartered in Gladstone, New Jersey.
“We are excited to support Adlaur and its trailblazing approach to program business. With this independent underwriter bringing company programs that have already been vetted, our strategic relationship will enable Fortegra to continue its growth by efficiently meeting the capacity needs of our MGA partners.” – Mark Rattner, EVP, and chief underwriting officer at Fortegra.
“Working with Adlaur will enable carriers to utilize hard-to-find expertise, and having those experts build and execute a plan to source and manage a program’s business bespoke to those carriers’ appetites and requirements. We are thrilled to launch our company with an entity that shares our values and our commitment to providing market-leading solutions. Together, we will help bring well-aligned solutions to established program managers.” – Tyburski and Bunin.
