Concert Group Holdings Inc, the newly formed business dedicated to insurance fronting that is led by Bermudian insurance executive Jonathan Reiss, has formed Concert Specialty Insurance Company, an excess and surplus lines carrier domiciled in Montana.
Concert Specialty joins Concert Insurance Company, the group’s Illinois-domiciled property and casualty operations, as the two companies doing business under the Concert umbrella.
Mr Reiss, chief executive officer of Concert, said: “We formed Concert to provide a higher level of client focus and responsiveness to captive and programme clients that have been underserved.
“With both an admitted and an E&S carrier, we now have the ability to write business on a broad basis, offering a full range of risk solutions to our clients.
“Concert Specialty nicely complements our admitted platform, Concert Insurance, and offers a targeted approach that supports the captive and programme administrator marketplaces.
“Our experienced team can deliver creative, customised solutions to MGAs, programme administrators, captive managers and reinsurance partners, helping them serve customers and clients with evolving, hard-to-place risks.”