- Wilmington Insurance Agency Market Entry? – Check
- Lloyd’s Binder with Full Underwriting Authority? – Check
- Thirty Years’ Experience Writing Coastal Business in DelMarVa region? – Check
Wilmington Insurance Agency is proud to announce its entry into the coastal property business. We are an MGA focused on good service, fair pricing and a quick turnaround. We are emulating the product mix of our sister company, Wilmington Insurance Company (WIC), to deploy homeowners and small commercial business throughout the region.
To begin, we are using a traditional MGA submission model to accept business via ACORD application. We will quickly add direct access through our agency portal to allow quick product access for those agencies closely aligned with our organization. We also intend to expand the value of our WIC agency partnerships and grow with new partners in Maryland and Virginia.
The product mix is focused on the core homeowners and small commercial operations with focus on coastal opportunities. We are quickly adding complementary products such as deductible buyback options, private flood (ground-up and excess), wind only and other products developed by third-party Lloyd’s partners to enhance our direct binding authority capabilities.
We also have a desire to work with our agency partners to develop new product solutions. We are always working on developing niche products to leverage an agency niche or program opportunity.
While we are a start-up, our history runs back thirty years with our sister company. We will be a long-term player in the DelMarVa region and look forward to providing value and good service to our agency force. We’re ready to help you navigate the coastal property market. Contact us at (302) 231-2800 today to expand your book of business with our products.
About Wilmington Insurance Agency
Wilmington Insurance Agency delivers comprehensive coastal property solutions. We are a Managing General Agency and provide independent insurance agents with property and liability insurance solutions for residents and businesses primarily in Maryland and Virginia. We work alongside our sister company, Wilmington Insurance Company, established in 1996 and providing Property & Casualty commercial lines business, homeowners, and condominium insurance in the state of Delaware. To learn more about how we can help you to expand your book of business in the coastal market, contact us at (302) 231-2800.