SSRU Expands Residential Realty Program Through Strategic Initiative with Allied World
Toronto, ON (Aug. 16, 2024) – SSRU is pleased to announce a strategic initiative with Allied World Specialty Insurance Company (AWSIC), a subsidiary of Allied World Assurance Company Holdings, Ltd., to enhance their Residential Realty program by increasing capacity and carrier depth.
AWSIC enters this relationship at a pivotal time for SSRU, bringing capacity that will enable SSRU to deliver larger line shares and enriched services to their clients.
This partnership marks a significant advancement for SSRU,” stated Heather Jamieson, SVP Property at SSRU. “AWSIC’s reputation as a top-tier capacity provider, combined with SSRU’s specialized knowledge in the Residential Realty market, positions us to offer advanced solutions and meet growing client demands.”
“AWSIC is an ideal fit for SSRU,” added Stephen Stewart, President and CEO. “They have a deep understanding of the complexities and long-term dynamics of this niche market. Their capacity will bolster our growth objectives, enabling us to continue to deliver exceptional value to our clients.”
As brokers contend with challenges stemming from limited capacity options in a CAT driven sector, SSRU continually focuses on delivering solutions that meet market demands. The relationship with AWSIC enhances SSRU’s capacity, enabling brokers to more effectively manage diversified panels and address risks across their realty portfolios.
About SSRU
Stewart Specialty Risk Underwriting Ltd. (SSRU) is a leading Specialty Insurance MGA based in Toronto, Canada. Since its inception in 2016, SSRU has been a pioneer in providing specialized insurance products to a wide range of sectors, including Construction, Manufacturing, Natural Resources, Public Entity, Realty, and Transportation.
SSRU writes a national program for condominium, strata and luxury rental risks. For more information, visit ssru.ca.
About Allied World
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings Limited, and we benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our capital base is strong, our solutions anticipate rather than react to changing trends, and our teams are focused on establishing long-term relationships that are mutually beneficial. For more information, visit awac.com.
Source: SSRU
Tags: partnership, SSRU