Spinnaker duo launches new fronting business backed by Fortegra

Specialty insurer Fortegra has partnered with a newly formed fronting specialist launched by former  Spinnaker Insurance Company executives Adam Tyburski and Laurence Bunin.

Fortegra, a subsidiary of Tiptree, will provide underwriting capacity to the newly created entity Adlaur.

The partnership will bring capacity solutions to managing general agents (MGAs) and programme administrators operating in niche and dislocated markets across the US.

Gladstone, New Jersey-headquartered Adlaur's target business will initially consist of smaller-limits commercial, niche personal and specialty lines, and strategic reinsurance for programme business.

Adlaur can consider per risk gross limits up to $2.5 million or $1 million on a net basis after reinsurance.

The company was built to review a broad range of short-tail business, spanning property, liability, and specialty lines. Business will be sourced predominately through reinsurance broker markets and will be written on an admitted and excess and surplus lines basis, initially focusing on excess and surplus lines programmes.

"We are excited to support Adlaur and its trailblazing approach to programme business," said Mark Rattner, executive vice president, and chief underwriting officer at Fortegra. "With this independent underwriter bringing company programmes that have already been vetted, our strategic relationship will enable Fortegra to continue its growth by efficiently meeting the capacity needs of our MGA partners."

Tyburski and Bunin commented: "Working with Adlaur will enable carriers to utilise hard-to-find expertise, and having those experts build and execute a plan to source and manage a programme's business bespoke to those carriers' appetites and requirements. We are thrilled to launch our company with an entity that shares our values and our commitment to providing market-leading solutions. Together, we will help bring well-aligned solutions to established programme managers."

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