RT Specialty, part of Ryan Specialty, has launched the Ryan Specialty Public Entity Casualty Programme (RSPE), aimed at offering coverage to public entities.
The RSPE programme provides liability coverage with limits of up to $5m per occurrence.
Coverage options include follow-form excess, retained limits or reinsurance, allowing for flexibility in structuring insurance solutions.
The programme is structured to accommodate attachment points and structural features such as annual aggregate deductibles and aggregate stop losses to help clients achieve their premium targets.
It covers municipalities, public schools, community colleges, special service districts and transit authorities.
Eligibility for the programme requires a minimum self-insured retention (SIR) of $100,000 and a minimum premium of $125,000 per account.
RT Specialty public entity senior vice-president Chris Connacher said: “This programme positions us as a new market leader alongside established carriers in the public sector. By incorporating this programme into newly created RT Specialty-embedded facilities, we are equipping our clients who represent public entities with a streamlined coverage placement solution that meets the growing need for extensive and innovative risk management strategies.”
Recently, Ryan Specialty agreed to acquire certain assets from USQRisk Holdings, a company specialising in underwriting non-traditional insurance risks.
RT Specialty operates as a wholesale distributor of specialty insurance products and services, with a broad portfolio that includes casualty, personal lines, professional lines, property, transportation and workers’ compensation insurance products.
The company serves the market through both open market and delegated authority models, supported by its team of specialist brokers and underwriters.
“Ryan’s RT Specialty unveils public entity casualty programme ” was originally created and published by Life Insurance International, a GlobalData owned brand.
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