Specialty insurance coverage company First Indemnity Insurance Group continues to spice up its underwriting capability because it inked an settlement with California-based Knight Specialty Insurance Company, a member of the Hankey Group and an AM Best Rated A (wonderful) service.
A launch from the corporate stated the addition of Knight Specialty Insurance marks First Indemnity’s fifth normal company contract for the reason that termination of its relationship with Skyward Specialty Insurance Group in 2020.
With this new capability settlement, First Indemnity will be capable to embody Knight Specialty’s extra skilled legal responsibility, miscellaneous professionals’ and accountants’ skilled legal responsibility enterprise strains to its roster, increasing its MGA capability.
“At First Indemnity, we are committed to building solutions for our clients that address their needs, be they existing or emerging,” stated John Randolph, assistant vice chairman of First Indemnity. “Our partnership with Knight Specialty Insurance Company will help us strengthen both our exceptional underwriting capacity and our business relationships as we continue to adapt to industry realities and the risk mitigation needs of our clients.”
Founded in 1989, First Indemnity is a specialty insurance coverage company that gives skilled legal responsibility merchandise to legal professionals and regulation companies. It is an AM Best Rated PA-3 (robust) firm led by a seasoned crew of insurance coverage professionals, together with in-house underwriters. Last yr, it launched particular insurance coverage protection aimed toward aiding regulation companies which might be searching for increased limits or that could be carrying insufficient protection.
“The world is an increasingly complicated place, and the risks law firms are facing are considerable and increasing,” Randolph stated in 2021. “First Indemnity’s Law Firm Excess Protect can help close coverage gaps for firms that aren’t carrying adequate coverage or those that need higher coverage limits due to the challenges and risks associated with running a modern law firm.”