Emerald Bay establishes E&S partnership with Curotech
Collaboration to grow a profitable book of business
Collaborative underwriting carrier Emerald Bay Risk Solutions has formed a partnership with managing general agent (MGA) Curotech Specialty to launch an excess and surplus (E&S) commercial property program.
Reinsurance support for this facility is provided by a consortium of reinsurance companies, according to Emerald Bay.
Emerald Bay, launched in March 2024 with support from Bain Capital Insurance, offers tailored insurance solutions, consistent underwriting results, and long-term partnerships with high-performing MGAs and reinsurance partners.
Curotech operates a technology platform with an in-house software engineering team, focusing on technology and data analytics. This complements Emerald Bay’s collaborative, tech-enabled underwriting approach, which aims for rapid decision-making based on real-time data.
Miles Allkins (pictured above), co-founder and chief risk officer of Emerald Bay noted that the commercial property market remains a vital part of the insurance sector.
“We are looking forward to our partnership with Curotech and its team of specialist experts, who, like us, weave technology and data analysis into every facet of their strategy,” Allkins said.
Kim Rhodes, president of Curotech, highlighted Emerald Bay’s extensive industry experience and advanced technology capabilities.
“We are thrilled to launch the program with Emerald Bay. We have a strong cultural fit focused on underwriting and proactive decision making. Together, we are well positioned to grow a profitable book of business,” Rhodes said.
Earlier this year, Emerald Bay partnered with MGA Lightspeed Specialty Insurance Solutions to create an insurance facility for California homeowners and landlords. This facility offers comprehensive coverage for owner- or tenant-occupied dwellings in areas with low wildfire risk statewide.
At the time of the announcement, Allkins noted that being a well-capitalized company allows Emerald Bay to enter complex markets that others may avoid. He expressed optimism about providing coverage options in the California property market, where standard carriers have withdrawn.
Emerald Bay Specialty Insurance Co. currently holds a Best’s Financial Strength Rating of A- (Excellent).
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