Are fixed index annuities legal in California?

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Amwins, a distributor of specialty insurance products and services, has launched illumin Specialty, a managing general agency (MGA) offering primary general liability and excess liability coverage.

Are fixed index annuities legal in California?Led by industry veteran Rebecca Gitig, illumin Specialty will reportedly focus on developing practical coverage solutions for challenging exposures across segments where market dislocation and technical complexity can make placements more difficult.

“Distributed exclusively through wholesale brokers, this addition expands Amwins Underwriting’s in-house specialty casualty capabilities and reinforces its commitment to the E&S primary market,” Amwins explained.

The firm added that the illumin Specialty team will work directly with wholesale brokers to provide non-admitted solutions for their clients’ most complex risks. The MGA expects to finalise capacity and begin accepting new business in the fourth quarter.

Joining Gitig are Randy Villanueva, senior vice president, and Meredith McLelland, senior vice president, both of whom bring experience underwriting casualty solutions across a broad range of industry classes.

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Ryan Armijo, president of Amwins Underwriting, commented, “With more than 50 years of combined underwriting experience, Rebecca and her team bring the underwriting discipline and flexibility to structure coverage that supports difficult and hard-to-place risks where standard markets have retreated.”

Gitig said, “Having the opportunity to build an MGA from the ground up means we’re able use our collective underwriting experience to craft programs that speak to the needs of the market. We look forward to delivering a fresh perspective on non-standard placements.”

The post Amwins launches illumin Specialty MGA led by Rebecca Gitig appeared first on ReinsuranceNe.ws.

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