Business
Fortegra To Provide Underwriting Capacity to Newly Formed Adlaur LLC
Relationship formalizes unique approach to program business with experienced underwriters Adam Tyburski and Laurence Bunin JACKSONVILLE, Fla., March 2, 2023
About this update from Tiptree Inc.
[{"type":"text","content":"Relationship formalizes unique approach to program business with experienced underwriters Adam Tyburski and Laurence Bunin\nJACKSONVILLE, Fla., March 2, 2023 /PRNewswire/ -- The Fortegra Group, Inc. (\"Fortegra\"), a global specialty insurer, and subsidiary of Tiptree Inc. (NASDAQ: TIPT), announced today a collaboration with Adlaur LLC (\"Adlaur\"), the newly created entity led by former Spinnaker Insurance Company executives Adam Tyburski and Laurence Bunin. Harnessing Fortegra's AM Best Financial Strength Rating of A- (Excellent), the relationship will bring intelligent capacity solutions to established managing general agents (MGAs) and program administrators operating in niche and dislocated markets across the United States.\n\"We are excited to support Adlaur and its trailblazing approach to program business,\" said Mark Rattner, Executive Vice President, and Chief Underwriting Officer at Fortegra. \"With this independent underwriter bringing company programs that have already been vetted, our strategic relationship will enable Fortegra to continue its growth by efficiently meeting the capacity needs of our MGA partners.\"\nAdlaur's unique approach brings together the capabilities of proactive sourcing, rigorous hands-on production partner oversight and reporting, and aptitude in complex reinsurance structuring and economic modeling. The company was built to review a broad range of short-tail business, spanning property, liability, and specialty lines. Business will be sourced predominately through reinsurance broker markets and will be written on an admitted and excess and surplus lines basis, initially focusing on excess and surplus lines programs.\n\"Working with Adlaur will enable carriers to utilize hard-to-find expertise, and having those experts build and execute a plan to source and manage a program's business bespoke to those carriers' appetites and requirements,\" said Tyburski and Bunin. \"We are thrilled to launch our company with an entity that shares our values and our commitment to providing market-leading solutions. Together, we will help bring well-aligned solutions to established program managers.\"\nTyburski and Bunin bring unique experience to bear as advisory services consultants to the parties involved in program business and/or hybrid fronting. The two have separately and jointly built and operated su...