October 24, 2023 – IPC, a division of Platinum Specialty Underwriters, is pleased to announce an exciting collaboration with Obsidian, a highly regarded specialty hybrid program carrier rated “A-” by A.M. Best. This marks the introduction of an exclusive program dedicated to Hired & Non-Owned Auto (HNOA) insurance, available in all states except Florida, Louisiana, and New Jersey.
This innovative program encompasses a wide spectrum of businesses, including those engaged in food, liquor, and grocery delivery, as well as various miscellaneous classes relevant to HNOA insurance. Notable additions to the program cover medical lab deliveries, janitorial or cleaning services, small couriers, and an array of other related industries.
Obsidian Insurance Holdings, Inc. is an insurance holding company with both admitted and non-admitted insurance carrier subsidiaries. These subsidiaries issue policies, which are meticulously underwritten by managing general agents, managing general underwriters, and program managers of the highest caliber. Jeff Heath, Platinum Specialty Underwriters President, stated, “Collaborating with Obsidian represents a comprehensive partnership strategy, uniting the profound underwriting, technical, and operational proficiency of a program administrator, a forward-thinking hybrid program carrier, and best-in-class reinsurance partners.
This collective effort positions us favorably to provide an exceptionally appealing program to our wholesale broker partners addressing the dynamic requirements within the food delivery sector.” William Jewett, CEO of Obsidian, commented, “We are delighted to partner with IPC on this program. IPC, along with the entire Platinum Specialty Underwriters team, brings excellence in specialized underwriting and a steadfast commitment to delivering solutions to their clients that create a long-term profitable and sustainable advantage to the program and its performance.”
This partnership underscores IPC and Platinum Specialty Underwriters’ commitment to providing comprehensive insurance solutions tailored to the unique needs of businesses operating in today’s dynamic landscape. It represents a significant step forward in delivering high-quality HNOA coverage to support the growth and resilience of our clients.
About Platinum Specialty Underwriters
Platinum Specialty Underwriters is the crucial component to underwrite challenging risks and accelerate wholesale business. Wholesale experts in complex risk arenas need a specialist partner that understands their challenges. Platinum is the specialist underwriting team that brings creative insurance solutions to unique and challenging risks. Platinum’s platform focuses on leading service technology combined with expert underwriting, claims management, loss inspection, and actuarial analysis to assure partner insurance company’s low loss ratios. By investing in teams and exclusive, best-in-class insurance underwriting products and services, Platinum can solve high risk problems, delivered by entrepreneurial experts.
About Obsidian Insurance Holdings, Inc.
Obsidian Insurance Holdings, Inc. is an insurance holding company with admitted and non-admitted insurance carrier subsidiaries that issue policies underwritten by managing general agents, managing general underwriters, and program managers. Obsidian sources, underwrites, and manages a diverse portfolio of property, casualty, and specialty insurance programs, and reinsures the majority of the business to select reinsurers. Obsidian was formed in 2020 in partnership with leading insurance industry executives and Genstar Capital. For more information, visit www.obsidianspecialty.com.