E&S Marketplace
This market segment has grown for 5 consecutive years by double-digit percentage rates, reaching over $100 billion in premiums in 2023.
What is the excess and surplus (E&S) insurance market?
Inflatable structure that kids can jump in
What is bounce house?
Number of states that MUSIC can write business in
What is 50?
MUSIC's president who reports to John Marchioni
Who is Jeff Kamrowski?
Pays for the loss of income sustained due to the suspension of business operations from a covered cause of loss to property
What is Business Income?
State that some admitted carriers stray away from due to wildfire, earthquakes, and a tough legal climate
What is California?
Also known as a landlord policy
What is Lessor's Risk?
What the U in MUSIC stands for
What is Underwriters?
This "middleman" deals with a retail agent and the internal MUSIC UW team
What is wholesaler?
Provides coverage for mechanical, electrical, or electronic breakdown or rupture bursting, bulging, implosion or steam explosions
What is Equipment Breakdown?
Brand new business that is often deemed too risky for standard markets
What is new venture?
An establishment where patrons share flavored tobacco known as shisha
What is a hookah lounge?
Number of MUSIC offices
What is 2?
The UW team that handles high ITV buildings and high premium
What is Brokerage?
Provides coverage for the owner, developer, contractor, or subcontractor during the course of construction or renovations
What is Builders Risk?
Gives MUSIC Underwriters the ability to carve out coverage or exclude certain exposures
What is forms?
Independent sales agent contracted by manufacturers to sell their products
What is manufacturer's rep?
The year that Selective acquired MUSIC
What is 2011?
Division that provides specialized coverages for risks like auto dealers and auto repair shops
What is Garage?
Provides protection from financial losses from business-related crime, including forgery and robbery
What is Crime?
Average number of years an insured typically stays in the E&S market for
What is 3?
Are the "eyes" and "ears" for an owner of a construction project
What is project manager?
The original year MUSIC was established
What is 1979?
New team in 2025 that will focus on offering specialized coverages for contracting businesses
What is Specialty Division?
Provides expense reimbursement and identity restoration services to help business owners who are victims of identity theft.
What is Identity Recovery Coverage (IDR)?