Millennial Specialty Insurance, LLC Launches New High Net Worth Homeowners Program in Collaboration with MS Transverse
- New homeowners program for High-Net-Worth customers with unique features. Collaboration demonstrates commitment and adaptability.
- None.
Starting this month, consumers will have the opportunity to acquire customized home insurance policies that offer unique features often missing in conventional mass-market policies. These enhancements include:
-
Flexibility to insure homes with a replacement value of up to
$10 million -
Choice of deductibles ranging from
$10,000 $1 million - Exclusive claims services staffed by experts well-versed in custom home construction
- Nationwide coverage, including the ability to underwrite properties in catastrophe-exposed locations
"With the High-Net-Worth insurance landscape undergoing unprecedented changes and challenges, Millennial Specialty Insurance (MSI), a leader in personal lines products, saw an opportunity to develop an innovative solution for our valued clients and agency partners," stated Naimish Patel, President of the Home Insurance Group at MSI. He further emphasized the suitability of the collaboration with MS Transverse due to its robust financial standing and highest quality reinsurance support.
Given the challenging dynamics of the current property market, this collaboration stands as a testament to the commitment and adaptability of both MSI and MS Transverse.
Ethan Allen, Chief Risk Officer at MS Transverse, echoed this sentiment, saying, "MS Transverse is dedicated to addressing the unique requirements of sophisticated Managing General Agencies (MGAs) and reinsurance partners. Our operational expertise ensures the sustainability of High-Net-Worth offerings over the long term and MSI embodies the right mix of technology and talent to execute our ambitious plan."
About Millennial Specialty Insurance, LLC
Millennial Specialty Insurance, LLC is one of the largest non carrier-affiliated Managing General Agencies (MGAs) in
About MS Transverse Insurance Group (MS Transverse)
MS Transverse is a subsidiary of MSIG North America and part of MS&AD Insurance Group Holdings, one of the 10 largest P&C insurance companies in the world. MS Transverse is dedicated to the global program market and partners with MGAs, program administrators, and general agents to offer a full suite of insurance services. MS Transverse is a global facilitator connecting and enabling partners through access to risk capacity and alternative capital on admitted and surplus lines paper. For more information, please visit www.mstransverse.com.
ABOUT BRP GROUP
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PRESS
Anna Rozenich, Senior Director, Enterprise Communications
Baldwin Risk Partners
630.561.5907 | anna.rozenich@baldwinriskpartners.com
MS Transverse Media Contact:
Alexandra Akins
AAkins@MSTransverse.com
BRP INVESTOR RELATIONS
Bonnie Bishop, Executive Director, Investor Relations
Baldwin Risk Partners
813.259.8032 | IR@baldwinriskpartners.com
Source: BRP Group, Inc.
