Provides more options, flexibility and launches new platform
Scottsdale, AZ, March 13, 2015 – Nautilus Insurance Group, comprised of Nautilus Insurance Company (“Nautilus”) and Great Divide Insurance Company (“Great Divide”), member companies of W. R. Berkley Corporation, has announced several enhancements to its Commercial Excess product.
These enhancements give the Group’s appointed agents additional underwriting authority over hundreds of new classes of business, the ability to write excess over other carriers that are rated A- (Excellent), Financial Size Category V or better by A.M. Best Company in any state in which the agent is licensed, and the authority to provide up to $10 million in limits on select classes. In addition, agents will enjoy the benefits of a streamlined submission process.
“Commercial Excess is already a growing line of business for us,” said Elissa Kelly, Assistant Vice President of Commercial Casualty. “Through these product enhancements, our agents now have the ability to write excess coverage over more classes, with higher limits, providing them more freedom and flexibility than ever before.”
The introduction of these product enhancements coincides with the launch of the Group’s new underwriting platform, the O.N.E., which will eventually incorporate all nine lines of business and strengthen the Online Nautilus Experience.
About Nautilus Insurance Company
Nautilus Insurance Group is one of the leading excess and surplus (E&S) and specialty lines groups in the United States. Nautilus Insurance Company and Great Divide Insurance Company are each rated A+ (Superior), Financial Size Category XV, by A.M. Best Company, Inc. For more information on Nautilus Insurance Group, please visit the Company’s website at www.nautilusinsgroup.com.
Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued. Certain coverages may be provided through surplus lines insurance company subsidiaries of W. R. Berkley Corporation through licensed surplus lines brokers. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.
Nautilus Insurance Group
Vice President-Marketing & Business Development
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