Emerald Bay Risk Solutions has partnered with the insurance agency Arrowhead to launch Arrowhead EQ DIC, a commercial earthquake facility that provides difference in conditions insurance policies for medium to large businesses.
According to the companies, Arrowhead EQ DIC will primarily target businesses in California and the Pacific Northwest, with the ability to offer over $250 million in capacity through its carrier partners.
“We are excited to partner with Arrowhead for our inaugural program,” said Dave Ingrey, CEO and co-founder of Emerald Bay. “Arrowhead is highly regarded in the industry for its superior underwriting standards and specialized E&S insurance capabilities. Together, we are proud to bring a novel solution focused on risk quality to the market that meets the growing need for capacity. This is the foundation of a meaningful relationship with natural synergies, and we are looking forward to our mutually valuable partnership with Arrowhead.”
“Emerald Bay’s unique, collaborative approach to underwriting and deep experience partnering with leading MGAs and reinsurers will create an important platform for Arrowhead to continue to innovate,” said Lewis Defuria, president of commercial earthquake at Arrowhead. “This facility will combine our more than 25 years of experience supporting the wholesale market with Emerald Bay’s strong fundamental underwriting expertise to make it easier for market participants to access capacity for such a niche product.”
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