Insurers are facing rising construction costs and regulatory pressures. Here’s how brokers can stay ahead in the construction market.

Upland Capital Group (Upland) is capitalizing on their specialized growth strategy to build out its underwriting platform across three pillars, adding excess and primary general liability products to its current casualty focus.

Upland Capital Group (Upland) announces the addition of Richard Smith as their new Chief Claims Officer (CCO). Smith brings over 26 years of experience in property and casualty claims operations primarily focusing on multi-line business and commercial trucking accounts.

Industry Veteran Mark Jones Joins Team

The leaders at Upland Capital Group are not letting any grass grow under their feet as they announce the launch of the company’s Excess Liability for Public Entities specialty insurance offering. The new product joins the company’s Excess Transportation Liability (XTL) line that came out in February, and will cover entities such as counties, municipalities, school districts, higher education systems, and public utilities, among others.

AM Best has assigned a financial strength rating of A- and a long-term issuer credit rating of “a-” to E&S start-up Upland Specialty. As previously reported, Upland Specialty – a subsidiary of Pursuit Investors, the holding company of Upland Capital Group – has been launched by former Narragansett Bay Insurance Company CEO Todd Hart along with former Hallmark executives including James Damonte and Mark Morrison.

Upland Capital Group has confirmed the launch of an excess transportation liability specialty insurance offering and announced further hires of former Hallmark Financial Services executives, as the E&S start-up looks to capitalise on the contraction in limits deployment in that space in a move first revealed by The Insurer. The new offering targets fleet sizes up to 250 revenue producing vehicles, and will be delivered through select wholesale brokers.

Right on the heels of its company launch, Upland Capital Group (“Upland”) has added a new Excess Transportation Liability (XTL) specialty insurance offering targeting fleet sizes up to 250 revenue producing vehicles. Upland will deliver the new product through select wholesale brokers.

Upland Specialty Insurance Company (USIC) has been assigned a preliminary credit assessment (PCA) of A- by AM Best as it progresses towards an official underwriting launch that is expected to see it first enter the excess transportation space, The Insurer can reveal.

Former Narragansett Bay Insurance Company (NBIC) CEO Todd Hart has teamed up with James Damonte, Mark Morrison and former NBIC colleague Pamela Byron-Button to launch E&S carrier Upland Capital Group with $200mn of backing from Newlight Partners.

Upland Capital Group (“Upland” or the “Company”) today announced the formation of a specialty insurance business led by long-time insurance and investment executives. Upland plans to offer a diversified portfolio of excess and surplus lines (“E&S”) casualty, property, and specialty insurance products, with an initial focus on excess casualty products distributed through select wholesale brokers. Upland is funded through an equity investment of up to $200 million from Newlight Partners LP (“Newlight”), a growth equity investor, and an additional investment from the Company’s executive management team.