Highland Insurance Solutions, wholly owned by WNC Insurance Services and Tokio Marine Kiln, today announced that it has bound and placed more than $100 million in Builders Risk premium in less than three years since its launch in July 2015.
As a managing general underwriter (MGU), Highland provides specialty risk management solutions, including Builders Risk and Private Flood insurance. Highland launched its Builders Risk program in 2015 after hiring Rick Girden as President of its Construction Division. In three years, Highland expanded its Construction Division to 25 specialists and expects to write nearly $100 million of Builders Risk premium in 2018.
“We are excited about this milestone, but know that the best is still ahead of us,” Girden said. “We’re in the process of launching our e-platform, expanding our product portfolio and enhancing the capabilities we bring to our construction broker partners.”
Patrick Blandford, Chief Executive Officer of WNC, added, “The success of our Construction Division is a testament to our focus on consistent underwriting and great service for our broker partners. Tokio Marine Kiln’s support enabled this success and put us in an ideal position to continue achieving new milestones.”
“We are committed to building and maintaining long-term partnerships with high-quality MGUs in strategically significant markets,” said Mark Mortlock, Departmental Head of Property and Casualty for Tokio Marine Kiln. “Highland exceeded our expectations in its first three years and we expect continued growth as it expands its product and territory footprint. The results have been excellent and we at Tokio Marine Kiln are committed to supporting that growth.”
About WNC Insurance Services Inc.
As a leading property and casualty underwriting agency, WNC Insurance Services offers a broad suite of tailored specialty risk management solutions, including private flood, construction and lender-placed products. WNC includes Highland Insurance Solutions and Precise Adjustments, a wholly owned subsidiary that provides industry-leading claims capabilities. WNC offerings also include HomeownerSelect®, an innovative lender-placed insurance alternative, and a portfolio of voluntary coverages offered through our Direct Marketing Group (DMG).
Founded in 1962, WNC is a wholly owned company of Tokio Marine Kiln, one of the largest carriers in the Lloyd’s of London insurance market and a member of the Tokio Marine Group. WNC has corporate offices in South Pasadena, Calif., and Chicago, Ill., and operating centers in Dallas, Texas, Naperville, Ill., and Miami, Fla. For more information, visit our website at www.tokiomarinehighland.com.
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