Breaking News: New Commercial Earthquake Insurance Facility Launched Through Major Partnership
Emerald Bay Risk Solutions and Arrowhead have joined forces to introduce a groundbreaking commercial earthquake insurance facility known as Arrowhead EQ DIC. This innovative initiative is specifically crafted to offer difference in conditions (DIC) insurance policies tailored for medium to large businesses situated in earthquake-prone regions such as California and the Pacific Northwest.
The Arrowhead EQ DIC facility is backed by over $250 million in capacity, a result of strong relationships with top carrier partners and a commitment to meticulous underwriting practices. Reputable reinsurers with an A- or higher rating from AM Best are the primary supporters of this facility.
Dave Ingrey, the CEO of Emerald Bay, expressed his enthusiasm for collaborating with Arrowhead on this inaugural program. He highlighted Arrowhead’s stellar reputation for superior underwriting standards and specialized E&S insurance capabilities, emphasizing the shared goal of introducing a unique risk quality solution to the market.
Similarly, Lewis Defuria, the president of commercial earthquake at Arrowhead, praised Emerald Bay’s collaborative underwriting approach and extensive experience with top MGAs and reinsurers. He emphasized that the partnership will drive continued innovation and facilitate easier access to capacity for this specialized product.
Emerald Bay, founded in March 2024 with the backing of Bain Capital Insurance, is dedicated to delivering customized insurance solutions, consistent underwriting outcomes, and enduring partnerships with high-performing managing general agents (MGAs) and premier reinsurance partners. With an AM Best Financial Strength Rating of A- (Excellent), the company has established itself as a resilient and well-capitalized entity in the realm of risk management.