Trean Insurance Group pronounces unique partnership with Beat Capital

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Trean Insurance Group, a supplier of services to the specialty insurance coverage market, and Beat Capital Partners America, a long-duration investor specializing within the insurance coverage business, have introduced a partnership within the surplus strains insurance coverage market.

Through its lately fashioned subsidiary, Benchmark Specialty Insurance Company, Trean will provide E&S merchandise by its partnership with Beat. The settlement marks Trean’s first partnership within the giant non-admitted insurance coverage underwriting market. In flip, newly established Beat-backed businesses can have entry to Benchmark Specialty’s AM Best A-rated paper, in addition to Trean’s claims, underwriting, and operational experience. 

“I’m excited that Trean and Beat will work carefully collectively as Beat grows its presence within the US,” stated Julie Baron, CEO of Trean. “Given Beat’s expertise establishing and operating specialty applications and Trean’s lengthy historical past of supporting top-quality MGAs, this partnership creates a robust mixture and can contribute to Trean’s capacity to attain its long-term objectives.”

Read subsequent: BMS Re completes acquisition of Trean Intermediaries

“I’ve identified the Trean management for many years and am extremely happy to accomplice with them as we speed up Beat’s growth within the US,” stated John Cavanagh, co-founder of Beat. “The capacity for Beat-backed US companies to solely entry A-rated paper, supplied by a confirmed firm with an exceptionally skilled administration staff, is another excuse I’m thrilled with Beat’s providing within the US for entrepreneurial underwriters.”

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