Falls Lake Insurance writes specialty program business in conjunction with program administrators and managing general agencies. Our partners have unique expertise in defined industry segments, and have an interest in the underwriting performance of the program. While we consider start-up programs under certain conditions, our principal focus is on established programs with a minimum annual premium of $10 million.
We are comprised of three companies: Falls Lake National, Stonewood Insurance, & Falls Lake Fire & Casualty (covering both admitted and excess & surplus paper), and are rated “A” (Excellent) by A.M. Best—the insurance industry’s recognized, independent rating organization.
Headquartered in Raleigh, North Carolina, we employ a staff of approximately two hundred.
Specialty Admitted Programs
Programs insurance offers coverage solutions for underserved and, quite often, misunderstood markets. No insurance provider has extensive underwriting familiarity in every field, but Falls Lake Insurance collaborates with experienced Program Administrators who possess the deep knowledge needed to best serve specialized business sectors.
Typical Falls Lake Insurance services include:
• Initial Program due diligence
• Development of program underwriting guidelines
• Regular monthly monitoring of underwriting and claims
• Monthly data-to-cash reconciliations
• Claims Services & Audits
• In-House TPA capabilities
• Underwriting audits
• Financial audits
• Actuarial Analytics
Specialty Admitted Fronting
We partner with established insurance companies to support their product needs. Our partners can benefit from the breadth of our licensure, product filings, and financial rating. We will consider assuming a risk position on the business or acting as a pure front. We entertain this business in partnership with insurance companies and program business fully supported by reinsurance companies.
Falls Lake Insurance offers a diverse approach to fronting arrangements to meet your organizational needs:
Pure Financial Front: We will coordinate all Reinsurance needs and take a fronting fee.
Participatory Fronting: For certain opportunities we will syndicate in the risk sharing arrangement and participate in program structure assuming up to 20% of the program.
We treat our reinsurance partner capital as though it was our own.