Trean specialty takes to non-admitted E&S market via deal with Beat

Nasdaq-listed specialty insurance service provider  Trean Insurance will break into the E&S non-admitted insurance underwriting market thanks to a just-struck partnership with insurance sector VC group  Beat Capital.

In addition to carrier, claims and brokerage services,  Trean underwrites specialty casualty insurance through its program partners and its own managing general agencies.  Beat will open new unspecified channels for Trean E&S products, “giving  Trean its first partnership in the large non-admitted insurance underwriting market.”

Beat, for its part, gets access to the A-rated papers of  Trean unit Benchmark Specialty and secures access to Treans claims and underwriting expertise.

Trean CEO Julie Baron (pictured) commented: “I am excited that  Trean and  Beat will work closely together as  Beat grows its presence in the U.S. Given  Beat's experience establishing and running specialty programs and  Trean's long history of supporting top-quality MGAs, this partnership creates a powerful combination and will contribute to  Trean's ability to achieve its long-term goals.”

Beat co-founder John Cavanagh added: “I have known the  Trean leadership team for decades and am incredibly pleased to partner with them as we accelerate Beat’s expansion in the U.S. The ability for  Beat-backed U.S. businesses to exclusively access ‘A’ rated paper, provided by a proven company with an exceptionally experienced management team, is another reason I am thrilled with Beat’s offering in the U.S. for entrepreneurial underwriters.”

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