Obsidian Partners With Integrated Specialty Coverages LLC On Its General Contractor Liability Program


NEW YORK, January 11, 2022 / PRNewswire / – Obsidian, an operator of AM’s top-rated hybrid “A-” fronting program, has partnered with Integrated Specialty Coverages, LLC (“ISC”), a leading program administrator focused on technology with significant experience and presence in underwriting entrepreneurs and traders nationwide.

ISC’s main General Liability (“GL”) product is aimed at meeting the needs of small general contractors and artisan subcontractors who, due to their size or risk class, are not in a position to provide coverage in the admitted market. ISC has designed unique solutions for insurance distribution bringing a competitive advantage to this specific niche.

The ISC Contractors GL program will be written on the top rated “A-” AM surplus line paper from Obsidian, Obsidian Specialty Insurance Company, and offered nationwide. This program and the ISC partnership aligns with Obsidian’s strategy of bringing together in-depth technical expertise from program administrators, leading reinsurance partners, and advanced and efficient technology operations without operational and channel conflicts. distribution.

“We are delighted to launch our partnership with ISC. Aligning Obsidian’s program support model with ISC’s unique solution for this market along with leading reinsurance support creates a powerful partnership built for lasting success, ”said William jewett, CEO of Obsidian. Craig rappaport, COO and CFO of Obsidian, added, “ISC’s technology-driven underwriting and distribution capabilities will translate into a significant competitive advantage in the marketplace which, combined with the quality and experience of its team. management, will make them a very attractive partner. “

ISC is a technology-based program administrator Carlsbad, California. ISC offers programs focused on the construction, transportation, hospitality, entertainment, accident and health and real estate verticals. ISC is led by Matt Grossberg, Founder and CEO, who commented: “Obsidian is an ideal partner for GL products from our Standard and Plus suppliers. Their management team has extensive experience in the program space, and Obsidian’s approach as a participating primary carrier aligns well with our needs and those of our reinsurance proponents. This is the first of two products we are developing with Obsidian, meeting the needs of brokers focused on the small business E&S market.

Obsidian Insurance Group has obtained an “A-” financial strength rating from AM Best. The company has invested heavily in building infrastructure and a team to expand its hybrid front-end business partnerships.

About obsidian

Obsidian Insurance Holdings, Inc. is an insurance holding company with subsidiaries of admitted and non-admitted insurers that issue policies underwritten by managing general agents, managing general underwriters and program managers. Obsidian researches, underwrites and manages a diverse portfolio of P&C and specialty insurance programs, and reinsures the majority of business with selected reinsurers. Obsidian was formed in 2020 in partnership with leading leaders in the insurance industry and Genstar Capital. For more information, visit www.obsidianspecialty.com.

About ISC

Integrated Specialty Coverages (ISC) is a leading multi-line program administrator dedicated to underwriting excellence, customer service and customer experience. ISC has built an end-to-end insurance platform by connecting a vast network of insurance markets and distribution channels with proprietary data analysis capabilities. The company uses sophisticated technology and analytics to revolutionize the way complex programs are purchased and operated. They are joined by experienced professionals from all spheres of the insurance ecosystem. ISC’s strategy focuses on a combination of strategic mergers and acquisitions, data-driven decision making, as well as innovative means of delivery. ISC provides its partners with high quality service, competitive commissions and creative product delivery options to help them expand their presence in any industry or business class desired. Please visit: https://iscmga.com/

Contact: Chris Tofalli
Chris Tofalli Public Relations

SOURCE Obsidian Insurance Holdings, Inc.


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