New earthquake insurance facility launched through major partnership

Emerald Bay Risk Solutions has teamed up with Arrowhead, a major general insurance agency in the United States, to introduce a new commercial earthquake insurance facility named Arrowhead EQ DIC. This initiative is aimed at offering difference in conditions (DIC) insurance policies tailored for medium to large businesses located in earthquake-prone regions like California and the Pacific Northwest.

With a capacity exceeding $250 million, the Arrowhead EQ DIC facility is made possible through strong relationships with leading carrier partners and a commitment to disciplined underwriting. The primary reinsurers supporting this facility are top-rated firms with an A- or better rating from AM Best.

Dave Ingrey, the CEO of Emerald Bay, expressed his enthusiasm for partnering with Arrowhead for this groundbreaking program. He highlighted Arrowhead’s reputation for superior underwriting standards and specialized E&S insurance capabilities, emphasizing the innovative solution they are bringing to the market to address the increasing demand for capacity.

Lewis Defuria, president of commercial earthquake at Arrowhead, noted that the collaboration with Emerald Bay will enable Arrowhead to continue innovating in the industry. By combining their expertise and experience, the facility aims to streamline access to capacity for this niche product.

Emerald Bay, backed by Bain Capital Insurance, has positioned itself as a robust and well-capitalized risk management entity since its launch in March 2024. With a focus on delivering tailored insurance solutions and forming long-term partnerships, the company has earned an AM Best Financial Strength Rating of A- (Excellent).

The partnership between Emerald Bay and Arrowhead signifies a significant step forward in providing specialized earthquake insurance solutions for businesses operating in seismic zones, ensuring they are adequately protected against potential risks.