AmRisc, a leading managing general underwriter and subsidiary of CRC Group, has recently announced the launch of Calais Reciprocal Insurance Exchange, an Illinois-domiciled reciprocal insurance exchange. The new exchange has already been assigned a financial strength rating of A- (Excellent) by AM Best and is set to provide additional capacity for AmRisc’s coastal commercial excess and surplus (E&S) property insurance portfolio.
With $100 million in initial funding, Calais Reciprocal Insurance Exchange aims to enhance AmRisc’s ability to underwrite and manage risks in the coastal commercial property insurance market. The exchange will initially focus on writing business in states such as Florida, Georgia, Alabama, California, and Colorado, with plans to expand its footprint in the future.
According to industry experts, the launch of Calais Reciprocal Insurance Exchange comes at a crucial time when the demand for specialized insurance solutions for coastal properties is on the rise. In recent years, the frequency and severity of natural disasters, including hurricanes and wildfires, have underscored the importance of having robust insurance coverage for properties located in high-risk areas.
By leveraging the financial strength and expertise of AmRisc, Calais Reciprocal Insurance Exchange is well-positioned to provide innovative and tailored insurance solutions to meet the evolving needs of clients in the commercial E&S property market. The reciprocal nature of the exchange also allows policyholders to participate in the underwriting profits and losses, fostering a sense of ownership and alignment of interests.
The launch of Calais Reciprocal Insurance Exchange is expected to have a positive impact on the market by increasing capacity and competition, which could lead to improved pricing and coverage options for policyholders. Additionally, the exchange’s strong financial backing and AM Best rating are likely to instill confidence in both clients and distribution partners, further solidifying AmRisc’s position as a trusted insurance provider in the industry.
Overall, the establishment of Calais Reciprocal Insurance Exchange underscores AmRisc’s commitment to innovation and growth in the commercial E&S property insurance market. By expanding its capacity and enhancing its capabilities, the exchange is poised to address the unique challenges and opportunities presented by coastal risks, ultimately benefiting policyholders, brokers, and the broader insurance industry.
References:
1. ReinsuranceNe.ws. “AmRisc launches Illinois-domiciled reciprocal insurance exchange.” [https://www.reinsurancene.ws/amrisc-launches-illinois-domiciled-reciprocal-insurance-exchange/]
2. Insurance Journal. “AmRisc Launches Reciprocal Exchange for Commercial E&S Market.” [https://www.insurancejournal.com/news/southeast/2025/06/20/828557.htm]
