RP Underwriting, the North American affiliate of RiskPoint A/S (“RiskPoint,” and collectively, the “RiskPoint Group”), is excited to announce a new strategic partnership with specialty insurer Capitol Specialty Insurance Corporation, a wholly owned subsidiary of CapSpecialty, Inc. (“CapSpecialty”). A subsidiary of Alleghany Corporation (NYSE:Y), CapSpecialty and its insurance subsidiaries are a leading provider of specialty insurance, rated A “Excellent” by A.M. Best. The addition of CapSpecialty to RP Underwriting’s high-quality panel of M&A insurers now allows deployment of up to $37.5M per risk to underwrite and service Representation & Warranties (R&W), Tax Liability, and Contingent Risk insurance products for its global private equity and M&A clients.
“We are grateful CapSpecialty has trusted RP Underwriting as its partner in the organization’s first foray into the robust North American M&A insurance market,” said Michael McGowan, Managing Director and Head of M&A, Americas at RP Underwriting. CapSpecialty now becomes the third A-rated carrier on RP Underwriting’s North American panel, adding to the capacity already provided by Arch Specialty Insurance Company and Allianz Global Risk’s Interstate Fire & Casualty.
Globally, RiskPoint’s Mergers & Acquisitions team (“RP M&A”) has long-term partnerships with all of its capacity providers, and as the North American branch of RP M&A, RP Underwriting looks forward to carrying on this legacy of successful partnerships.
"We are grateful CapSpecialty has trusted RP Underwriting as its partner in the organization’s first foray into the robust North American M&A insurance market"
To uphold its commitment to being “your underwriter of choice”, RP Underwriting is continuing to build out both its M&A panel and team of skilled underwriters. The organization has now added three capacity providers and doubled its team all within the first six months of operation.
RP Underwriting will release more information on its US offerings in the very near future. In the meantime, please feel free to reach out to Michael McGowan at email@example.com with any further inquiries.
The RiskPoint Group is a global multi-line Managing General Underwriting Agency and certified Lloyd’s Coverholder servicing both traditional and niche lines of business. Collectively, the organization provides unique and specialized insurance solutions in its target markets for the benefit of its partner carriers, insurance brokers and corporate clients.
The RP M&A team has operated as a leader in the transactional insurance space since 2014 and consists of over 35 specialist individuals with a physical presence in the following regions: (i) the Nordics; (ii) the DACH region, (iii) the UK (also covering AsiaPac), (iv) Benelux, (v) Southern Europe; and (vi) the Americas. RP M&A’s specialist and seasoned M&A underwriters have in-depth industry and product knowledge whilst its professional claims team provides a unique and pro-active approach to assisting clients when claims occur.
CapSpecialty, Inc. provides specialty insurance solutions for small and mid-sized business across the U.S. CapSpecialty’s experienced management and underwriting teams come from top insurance companies and bring with them a wealth of knowledge and an innovative approach to risk, providing the pricing and coverage its customers need for the exposures they are trying to protect. CapSpecialty’s insurance subsidiaries, Capitol Indemnity Corporation, Capitol Specialty Insurance Corporation and Platte River Insurance Company, offer a full inventory of specialty lines, including casualty, fidelity, surety, healthcare and professional lines on both an admitted and non-admitted basis.
A subsidiary of Alleghany Corporation (NYSE:Y), CapSpecialty, together with its insurance subsidiaries are rated A (Excellent) by the A.M. Best Company.