Emerald Bay Risk Solutions, a co-underwriting company specializing in customized insurance solutions, enters into a strategic partnership with Vanderbilt Properties Associates, Inc., a risk purchasing group that manages a significant portfolio of luxury residential and commercial real estate properties. I did.
Through this partnership, the companies will launch a liability program focused on providing excess liability coverage to luxury co-op and condominium buildings in New York City and select metropolitan areas.
“Emerald Bay’s collaborative model and coordinated approach to underwriting were important factors in our decision to create this partnership,” said David Rosen, president and chief executive officer of Vanderbilt. ” he added.
“Emerald Bay not only maintains a significant risk position in the program, but also supports our company by creating solutions that strengthen our operational infrastructure with cutting-edge technology that ensures long-term sustainability. It has also contributed to strengthening the business of
The program benefits from reinsurance led by a leading airline with an A++ rating from AM Best. Emerald Bay and Vanderbilt also worked closely to develop and deploy a modern, cloud-based, data-driven technology infrastructure to improve operational efficiency.
“We are excited to partner with Vanderbilt on our first property and casualty insurance program,” said Ken Sharp, Emerald Bay’s property and casualty underwriting director.
“Our deep underwriting expertise will enable us to drive a differentiated risk management architecture in close collaboration with our partners. This is an important milestone for Emerald Bay as we expand.”
“Our collaborative capabilities extend beyond underwriting to include bespoke technology solutions to help our partners modernize their businesses,” said John Lucking, Chief Technology Officer at Emerald Bay. said.
Mr. Lucking continued, “Working closely with the Vanderbilt team, we have developed a custom cloud-based solution that streamlines operations and enhances data analytics capabilities to drive operational efficiency and long-term business growth. “I did.”
