Maxum Specialty Insurance Group

The founders of Maxum Specialty Insurance Group, driven by collective values of integrity, excellence and success, established the company in January 2003. It was created to provide creative underwriting for hard-to-place risks. Maxum began operating as an excess and surplus lines specialty carrier, writing small- to medium-sized property and casualty business on a non-admitted basis. Today Maxum Specialty Insurance Group is comprised of Maxum Indemnity Company—a non-admitted, excess and surplus lines insurer authorized in 49 states, the District of Columbia, the territories of Puerto Rico and the U.S. Virgin Islands, and Maxum Casualty Insurance Company, an admitted insurer licensed in 50 states and both domiciled in Delaware. They are focused on providing quality specialty property and casualty insurance products, serving the needs of several distinct markets through their underwriting divisions: Binding, Casualty Brokerage, Inland Marine, Management Liability, Professional Liability, Programs and Special Property. In the past few years, they have enjoyed steady growth and expansion into new markets. A.M. Best rates the company A-VIII and their statutory surplus has grown to more than $122.3 million. They only appoint a limited number of wholesale producers who share similar strategic values. These wholesale producers, in turn, serve retail insurance brokers who benefit from the expertise of their wholesale channel and Maxum’s own internal resources.