Specialty insurance products distributor Amwins has introduced CoverCap, a new insurance solution offering primary property coverage to address middle-market risks.  

The programme, available through Amwins brokers, is designed to address commercial property risks with a total insured value (TIV) of up to $50m. 

The excess and surplus lines solution aims to provide full limits for commercial property risks, presenting an option for clients seeking “efficient” capacity and decision-making in the property insurance market.  

CoverCap is targeting the mid-size commercial insurance market, with a focus on broad occupancy eligibility and streamlined quote processing. 

CoverCap can also be used in conjunction with other Amwins facilities to manage larger schedules or Tier 1 wind risks, offering coverage within a unified policy framework.  

Amwins Brokerage president Jeff McNatt said: “Amwins is committed to delivering creative and innovative property products that help our clients win. By leveraging our unmatched market access and data-driven insights, we are able to build exclusive solutions like CoverCap that directly respond to evolving market needs.” 

Last month, Amwins Specialty Casualty Solutions, a division within Amwins, introduced the Public Entity Excess Casualty Programme, which serves the insurance needs of public entities including municipalities, schools and special service districts. 

Based in Charlotte, North Carolina, Amwins operates more than 138 offices globally and oversees annual premium placements worth more than $44.5bn to date.  

The company is a wholesale distributor of specialty insurance products in the US, offering property and casualty products, specialty group benefits and administrative services to retail insurance agents.