Top 10 Specialty Insurance Companies - 2024

Emerging trends in technology and risk management are transforming the specialty insurance industry, paving the way for more tailored, customer-centric coverage solutions and improved risk mitigation strategies. Specialty insurers are leveraging these innovations to enhance underwriting precision and streamline claims processes.

Reports indicate that the global specialty insurance market is projected to reach $279 billion by 2031, growing at a CAGR of 10.6 percent from 2021 to 2031.

Several factors are driving this growth, including advancements in artificial intelligence and machine learning, which empower underwriters with predictive analytics to assess complex risks more accurately. Innovations in blockchain technology are also enhancing transparency and reducing fraud in policy administration and claims management.

Cyber insurance is gaining substantial traction as businesses face increasingly sophisticated cyber threats. Specialty insurers are at the forefront of addressing these risks, offering tailored solutions that protect against the financial impact of cyberattacks.

This edition of Insurance Business Review highlights recent advancements in specialty insurance solutions and offers insights into how industry leaders and professionals can navigate these disruptive trends to enhance risk management and deliver superior client services.

It features thought leadership articles from key experts, including Bogdan Laza, VP and property & casualty broker at Brown & Brown. Laza emphasizes the critical role of an experienced insurance broker in navigating the complex landscape of cyber insurance, helping businesses identify specific cyber risks, assess their coverage needs and select the most suitable policies. Roy Hock, director of risk finance and casualty insurance at Valero Energy Corporation, emphasizes the importance of understanding the advantages and challenges of captive insurance. He highlights that leveraging RMIS technology enhances the effectiveness of risk management strategies for captive owners.

We hope this edition, featuring the Top Specialty Insurance Companies of 2024, provides your organization with the insights and partnerships needed to stay ahead in the ever-evolving specialty insurance industry.

Specialty Insurance | Insurance Business Review

Specialty Insurance - 2024

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Origin Specialty

Origin Specialty aims to be the nation’s preferred specialty insurance provider for small and mid-sized risks. It provides insurance product solutions that protects against risk with its deep understanding of client needs and a willingness to redefine the boundaries of industry standards.

We recognized very early on a significant demand from specialty insurance agents and brokers for a more responsive and client-focused approach that prioritized superior customer service

Neno Djordjevic, President and CEO
Origin Specialty

Origin Specialty aims to be the nation’s preferred specialty insurance provider for small and mid-sized risks. It provides insurance product solutions that protects against risk with its deep understanding of client needs and a willingness to redefine the boundaries of industry standards.
We recognized very early on a significant demand from specialty insurance agents and brokers for a more responsive and client-focused approach that prioritized superior customer service

Neno Djordjevic, President and CEO,..
American Modern Insurance Group

American Modern Insurance Group is a specialty insurance provider offering coverage for residential properties, recreational vehicles, collector cars, and more. With over 50 years of experience, the company focuses on customized solutions for customers with unique insurance needs, emphasizing personalized service and expertise.
American Modern Insurance Group

American Modern Insurance Group is a specialty insurance provider offering coverage for residential properties, recreational vehicles, collector cars, and more. With over 50 years of experience, the company focuses on customized solutions for customers with unique insurance needs, emphasizing personalized service and expertise.
Argo Group

Argo Group is a global specialty insurance and reinsurance provider offering tailored coverage for complex risks. Serving industries like construction, energy, and cyber, it focuses on innovative risk management solutions. The company emphasizes expertise, agility, and personalized service for clients worldwide.
Argo Group

Argo Group is a global specialty insurance and reinsurance provider offering tailored coverage for complex risks. Serving industries like construction, energy, and cyber, it focuses on innovative risk management solutions. The company emphasizes expertise, agility, and personalized service for clients worldwide.
Burns & Wilcox

Burns & Wilcox is a leading wholesale insurance broker and managing general agent specializing in excess and surplus lines, specialty, commercial, and personal insurance. With extensive market access and expertise, they provide innovative solutions for complex risks, serving independent agents and brokers across various industries.
Burns & Wilcox

Burns & Wilcox is a leading wholesale insurance broker and managing general agent specializing in excess and surplus lines, specialty, commercial, and personal insurance. With extensive market access and expertise, they provide innovative solutions for complex risks, serving independent agents and brokers across various industries.
Champlain Insurance Group

Champlain Insurance Group offers excess and surplus line coverage, claims handling, and risk management in niche markets. Formed to address the gap left by larger carriers focusing on more significant risks, it provides tailored solutions for small and middle-market clients in need.
Champlain Insurance Group

Champlain Insurance Group offers excess and surplus line coverage, claims handling, and risk management in niche markets. Formed to address the gap left by larger carriers focusing on more significant risks, it provides tailored solutions for small and middle-market clients in need.
GBLI

GBLI provides specialty property and casualty insurance for small to mid-sized businesses and individuals. Offering tailored risk management solutions, the company serves niche markets across various industries with a focus on innovation, personalized service, and expertise in underwriting complex risks.
GBLI

GBLI provides specialty property and casualty insurance for small to mid-sized businesses and individuals. Offering tailored risk management solutions, the company serves niche markets across various industries with a focus on innovation, personalized service, and expertise in underwriting complex risks.
JM Wilson

JM Wilson is a managing general agency and surplus lines broker that provides insurance solutions for hard-to-place risks. It offers commercial transportation, property, casualty, personal lines, and marine coverage. With a focus on expertise and service, it supports independent agents across various industries.
JM Wilson

JM Wilson is a managing general agency and surplus lines broker that provides insurance solutions for hard-to-place risks. It offers commercial transportation, property, casualty, personal lines, and marine coverage. With a focus on expertise and service, it supports independent agents across various industries.
McGowan Allied Specialty Insurance

McGowan Allied Specialty Insurance is one of the leading providers of specialty insurance solutions for the amusement, entertainment, and leisure industries. Offering tailored coverage for amusement parks, carnivals, and family entertainment centers, it focuses on risk management, claims handling, and personalized service for complex, unique exposures.
McGowan Allied Specialty Insurance

McGowan Allied Specialty Insurance is one of the leading providers of specialty insurance solutions for the amusement, entertainment, and leisure industries. Offering tailored coverage for amusement parks, carnivals, and family entertainment centers, it focuses on risk management, claims handling, and personalized service for complex, unique exposures.
Upland Capital Group

Upland Capital Group is a specialty insurance provider offering excess and surplus lines coverage, focusing on property, casualty, and professional liability. Serving underserved niche markets, it emphasizes tailored risk solutions and deep industry expertise, delivering innovative coverage options for small to mid-sized businesses with complex exposures.
Upland Capital Group

Upland Capital Group is a specialty insurance provider offering excess and surplus lines coverage, focusing on property, casualty, and professional liability. Serving underserved niche markets, it emphasizes tailored risk solutions and deep industry expertise, delivering innovative coverage options for small to mid-sized businesses with complex exposures.
Wright Specialty Insurance

Wright Specialty Insurance offers tailored property and casualty insurance programs and risk management solutions for universities, colleges, K-12 schools, and government entities. Their expert team understands these sectors' unique risks, providing practical solutions to enhance safety and control insurance costs in challenging environments.
Wright Specialty Insurance

Wright Specialty Insurance offers tailored property and casualty insurance programs and risk management solutions for universities, colleges, K-12 schools, and government entities. Their expert team understands these sectors' unique risks, providing practical solutions to enhance safety and control insurance costs in challenging environments.