Emerald Bay Risk Solutions has partnered with Arrowhead, a major general insurance agency in the United States, to launch a new commercial earthquake insurance facility called Arrowhead EQ DIC. This new initiative aims to provide specially designed difference-in-conditions (DIC) insurance policies to medium and large businesses in earthquake-prone regions such as California and the Pacific Northwest.

The Arrowhead EQ DIC facility will utilize over $250 million of capacity, made possible through long-standing relationships with leading transportation partners and a focus on disciplined underwriting. The primary reinsurers supporting this facility are top-rated companies rated A- or better by AM Best.

Dave Ingrey, CEO of Emerald Bay, said he was excited to partner with Arrowhead for its inaugural program.

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“Arrowhead is highly regarded in the industry for its outstanding underwriting standards and specialized capabilities in environmental and social insurance. Together, we are proud to bring to market a new risk quality-focused solution that meets the growing need for capabilities. This is the foundation of a meaningful relationship with Natural synergy, and we look forward to our mutually valuable partnership with Arrowhead.”

Likewise, Louis DeForia, head of commercial seismic at Arrowhead, noted that Emerald Bay’s collaborative underwriting and experience with top MGAs and reinsurers will help Arrowhead continue to innovate.

“This facility will combine our more than 25 years of experience supporting the wholesale market with Emerald Bay’s strong core underwriting expertise to make it easier for market participants to access capacity for such a niche product,” DiFioria said.

Emerald Bay launched in March 2024 with support from Bain Capital Insurance to deliver customized insurance solutions, consistent underwriting results and long-term partnerships with a select group of high-performing Managing General Agents (MGAs) and leading reinsurance partners. The company has established itself as a strong, well-capitalized risk management entity, and boasts an AM Best financial strength rating of A- (Excellent).

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