Commercial Property
Velocity Risk Underwriters offers property capacity in catastrophe-exposed areas focusing on Wind, Earthquake, and Flood coverages. Velocity Risk Underwriters is a wholesale market with access to A.M. Best Rated A (or better), Non-Admitted paper.
 

Perils

All risk or named peril with a focus on catastrophe perils
of wind, earthquake, and flood. Submitted risk must have
Tier 1 or 2 wind, or EQ/Flood exposure for consideration.

Risk/Policy Capacity

$300M policy occurrence limit.
Max $1B TIV per location.
$50K minimum premium.
Whole account, co-participation, and primary, buffer, or excess limits
on shared and layered programs available.

Territory

Tier 1 & 2 wind from Northeast to Texas & HI.
All Earthquake zones.
National schedule of values can complement target cat territories above.
U.S. focus with limited international on schedule allowed.
Capacity available nationwide (final business entity license pending in
MA).

Distribution

Velocity will limit its initial distribution to wholesale only.
Current wholesale access is through select brokers within AmWINS.

Target Classes of Business

Commercial Habitational / Condominium.
Real Estate / Lessor’s Risk.
Office / Retail / Restaurant.
Public Entity / Municipality/ School Districts.

Security

Interstate Fire and Casualty Insurance Company

United Specialty Insurance Company