CrossCover Insurance Services, LLC is a specialized Managing General Underwriter that aims to offer a unique alternative to catastrophic (CAT) driven insurance programs. Established to provide comprehensive non-admitted property insurance, the company specializes in commercial properties across the United States. By diversifying the risk pool, CrossCover effectively mitigates the reinsurance costs and volatility commonly associated with catastrophes. This approach allows them to offer broad coverage underwritten by highly rated insurance and reinsurance providers.
Central to CrossCover's philosophy is a strong commitment to collaboration with a select panel of A.M. Best-rated carriers who share a similar vision for success in the commercial Excess and Surplus (E&S) market. The company prioritizes underwriting expertise and results over mere distribution efforts. This alignment of interests extends to their workforce, where employee compensation is directly tied to the underwriting profits of the carriers with whom they partner. This innovative compensation structure not only encourages performance but ensures that the entire team works towards a common goal of financial success for all parties involved.
The leadership team at CrossCover brings a wealth of industry experience, with most executives having previously held senior roles at prominent insurance companies. Collectively, they have managed billions in annual premiums and possess valuable insights into the E&S market, having navigated various market cycles. Their extensive knowledge and leadership enable CrossCover to deliver tailored insurance solutions that address the specific needs of their clients, making them a formidable player in the commercial insurance landscape.
Through their dedication to excellence in underwriting and a strong partnership approach, CrossCover Insurance Services sets itself apart in the competitive insurance market, ensuring both their insureds and carrier partners are well-protected.
