Crestwell Underwriters, a Commercial Residential MGA, Debuts with Strong Financial Backing from Bain Capital

Launch of Crestwell Underwriters: Crestwell Underwriters, a new managing general agent (MGA), has launched with support from Bain Capital, focusing on tailored insurance solutions for Florida's commercial residential market.

Target Market and Offerings: The company will initially provide property-only insurance for condominium associations in Florida, addressing the specific needs of property owners and managers with competitively priced coverage.

Experienced Leadership: Led by CEO Kathy Cody and Chief Underwriting Officer Paul DiFrancesco, both with extensive experience in the insurance industry, Crestwell aims to leverage their expertise to navigate Florida's unique market dynamics.

Partnerships and Growth Potential: Crestwell has partnered with Emerald Bay Risk Solutions for initial capacity and aims to establish long-term relationships while focusing on sustainable underwriting profits in the complex Florida market.