Hinterland continues upward growth trend with increased capacity for commercial and package property markets
Denver, CO, October 3, 2024 – Hinterland Insurance (Hinterland), an independent insurance MGA and Program Administrator, today announced an expansion in commercial property capacity to $12.5 million, and expansion of commercial package capacity to $7.5 million. The company specializes in underwriting solutions for tough to place commercial insurance risks in the small and medium enterprise (SME) space.
The increased capacity, spanning across Hinterland’s core 27 states along the west coast (including California), and across the mid-west, is written on a consortium of A.M. Best A+X (Superior) rated paper, and includes Lloyd’s of London.
Lee Glaser, CEO of Hinterland, highlighted the significance of their increased capacity. He stated, “This additional capacity continues to differentiate us as a program administrator, allowing us to provide a product of need to our wholesale distribution partners.”
While U.S. commercial insurance rates are seeing upwards of 6% rate increases, the commercial property market has stabilized and competition remains strong. “Brokers are looking for knowledgeable underwriters who can provide quick turnarounds on submissions for complex risks,” said Justin Wiebe, Vice President of Specialty Property at Hinterland. “Carriers are eager to work with MGAs who have a vetted, reliable distribution model, an area where Hinterland excels.”
Co-founded by Glaser in 2019 as a commercial property and difference in conditions (DIC) program administrator, Hinterland has grown exponentially, and now offers monoline and package options for all lines of commercial insurance business, including excess and surplus lines coverage. The need for this increase in capacity was foreshadowed by the company’s strategic rebrand and headquarters move earlier this year to accommodate its growth pattern.
With 20 years of experience in the industry and a proven track record of success, Glaser is committed to the profitable growth of Hinterland.
To learn more about Hinterland visit Hinterlandins.com.
About Hinterland Insurance
Founded in 2019, Hinterland Insurance is an independently owned and operated insurance managing general agency and program administrator specializing in underwriting solutions for tough to place commercial insurance risks. The company offers insurance programs nationwide, including commercial property and casualty, and excess and surplus lines. Based in Denver, CO, the company also has offices in San Diego and Chicago. To become appointed please visit Hinterlandins.com/producers/new
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