Specialty Excess and Surplus Insurance

Verus underwriters have an average of 16 years of experience, allowing them to draw on their knowledge and develop creative solutions that meet the unique needs of our broker’s clients.

• Since 2010, Verus has delivered tailored solutions to meet the unique needs required for adequate risk transfer by exclusively partnering with a select group of wholesalers who are experts in our target segments.

• Our consistent approach of underwriting each risk on its own merits translates to delivering more tailored solutions, higher close ratios and greater retentions.

• All divisions have refreshed their coverage forms and updated appetites to align with our customers' needs.

   

We know that a rapid response is critical to our brokers’ success. That's why we seek to ensure doing business with Verus is easy and are constantly looking for innovative methods to reduce our quoting time. We pride ourselves on:

• Quoting submissions with complete underwriting information within 24 hours of receipt.

• Reviewing and delivering renewals 60-90 days in advance.

• Issuing 95% of policies within 2 hours of receiving all underwriting information.

• Providing dedicated underwriters for both new and renewal business to increase hit ratios and retention ratios.

• Offering a dedicated small business team that delivers quotes within 2 hours of submission receipt.

• Exploring future automated platforms to provide bindable quotes in less than 10 minutes.

Through exclusivity in our partnerships, we support our wholesale distribution channel with no more than 60 broker relationships. This selectivity reduces the likelihood of duplicate submissions, ensuring that together we can develop a unique solution to meet insureds’ needs.

Additionally, we enhance our broker experience through innovations like:

• Enhanced coverage forms across all three divisions.

• Reduced quoting time of two hours on new brokerage business through our Small Business Unit in Casualty.

• Bindable quote delivered within 10 minutes with our two cutting-edge technology platforms.