November 9, 2020 – Garden City, NY – Wright Specialty Insurance, which provides a comprehensive suite of property and casualty insurance coverage and services for educational institutions nationwide, has expanded its relationship with Munich Re Specialty Insurance in order to support and enhance Wright Specialty’s Education Insurance Program.
As a result of the relationship with Munich Re Specialty Insurance, Wright Specialty will offer a new specialty product for schools that provides broad proprietary coverage and competitive pricing. In addition, Wright has implemented a new rating and policy issuance system designed to provide quicker underwriting turnaround and response time.
“We are very excited to announce that Wright Specialty is working with Munich Re Specialty Insurance to support the education community. Being aligned with one of the largest carriers in the world allows us to expand our capabilities for our clients,” said Kevin Beer, president of Wright Specialty.
Additional enhancements to Wright Specialty’s education offering include a new risk management website that will launch in early 2021. The interactive platform will feature training modules, program templates and articles on a vast number of topics pertinent to K-12 schools and higher education policyholders. “Brokers and insureds will have easy access to and unlimited use of the most current risk management information,” said Beer.
“We’re pleased to work with Wright Specialty to strengthen and expand their program for educational institutions across the United States,” said Kevin Johnson, President, Insurance Programs for Munich Re Specialty Insurance. “With their deep expertise and proven history of success in serving brokers, the Wright Specialty team provides Munich Re Specialty Insurance with the opportunity to grow our footprint in the education space.”
Earlier this year, Wright Specialty Insurance worked with Munich Re Specialty Insurance to introduce a first dollar, low deductible program with a wide range of property and casualty coverages and risk management services specifically designed for small to medium-sized municipalities (less than 75,000 residents) and other government entities.
About Wright Specialty
Wright Specialty Insurance provides property and casualty insurance programs and risk management solutions to meet the specialized needs of public and private universities, colleges and K-12 schools and government entities. Headquartered in Garden City, NY, Wright Specialty’s specialty insurance programs are offered through authorized brokers and agents.
About Munich Re Specialty Insurance
Munich Re Specialty Insurance is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. Since December 2018, the Munich Re Specialty Insurance operations have brought together the existing expertise of Munich Re Group’s commercial specialty insurance divisions under one umbrella to gain efficiency, leverage technology and develop future-focused solutions. Munich Re Specialty Insurance offers its clients innovative risk and claims solutions powered by advanced technology and analytics, superior service and enhanced responsiveness to clients’ needs, and simplified access to the full breadth of Munich Re Group’s solutions through a dedicated Broker Relationship Leader.
Kevin Beer, CPCU, President