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Specialty insurance agency First Indemnity Insurance Group continues to grow its underwriting capacity with the signing of a deal with California-based Knight Specialty Insurance Company, a member of the Hanky Group and an AM Best Rated A (Excellent) carrier.
The addition of Knight Specialty Insurance marks First Indemnity’s fifth general agency contract since Skyward terminated its relationship with Specialty Insurance Group in 2020.
With this new capacity agreement, First Indemnity will expand its MGA capacity by adding Knight Specialty’s excess professional liability, other professionals and accountants professional liability business lines to its roster.
“At First Compensation, we are committed to helping our clients address their needs, whether they are existing or growing,” said First Compensation Vice President John Randolph. “Our partnership with Knight Specialty Insurance Company will help strengthen both our exceptional underwriting capabilities and our business relationships as we continue to adapt to industry realities and our clients’ risk mitigation needs.”
Founded in 1989, First Indemnity is a specialty insurance company that provides professional liability products to lawyers and law firms. It is an AM Best Rated PA-3 (Strong) company with a team of experienced insurance professionals, including in-house underwriters. It was launched last year Specialized insurance aimed at helping legal entities Looking for high limits or insufficient coverage.
“The world is an increasingly complex place, and the risks facing law firms are substantial and growing,” Randolph said in 2021. “First Indemnity’s Law Firm Excess Protect helps firms with inadequate coverage or coverage gaps close. The challenges and risks associated with running a modern law firm require higher coverage limits.”
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