Platinum Specialty Underwriters Announces Excess Trucking Program

Platinum Specialty Underwriters announced today the launch of Platinum Excess Trucking, a Managing General Underwriter (MGU) specializing in Excess Liability for trucking and specialty auto accounts. Platinum Excess will focus primarily on smaller to mid-size accounts with the ability to offer capacity for larger accounts within the underwriting guidelines.

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XPT Announces Expansion of Environmental Practice Group

XPT, a national specialty insurance wholesale distribution company, announced today the joining of Tom Mansfield as Senior Vice President. As true Environmental coverage expert, Tom will be leading this collaborative practice group giving clients unique access to a broad range of carriers and programs leading to a wider, more comprehensive range of solutions.

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XPT Announces Northeast Expansion with Industry Veteran

XPT, a national specialty insurance wholesale distribution company, announced today the joining of industry veteran Gordon Bewick as Senior Vice President. Gordon’s experience combined with the support of XPT brokerage resources will allow him to offer unique client solutions through XPT’s exclusive programs and markets.

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XPT Names Mark Smith President

XPT announced today the appointment of Mark Smith to President of XPT Specialty. As President, Mark will drive corporate development with producer hires and partner acquisitions.

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WSS-XPT Announces expansion into New England with Acquisition of MGA and Surplus Lines Broker

Western Security Surplus (WSS), part of XPT, announces the acquisition of S&H Underwriters, a Vermont based MGA and surplus lines broker.

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Wholesale Insurance Expert Ken Young Joins Western Security Surplus, an XPT Partners Company

Western Security Surplus Insurance Brokers (WSS), an XPT Partners company, is pleased to announce the hiring of Ken Young as an Assistant Vice President, Senior Underwriter/Broker.

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XPT Group LLC. is a specialty insurance distribution platform for Property and Casualty insurance formed in 2017 and currently writing over $550 million in Gross Written Premium (GWP). This rapid growth and product development is a result of acquiring specialty wholesale and underwriting businesses, hiring producer teams with established books of business, and developing new Managing General Agency (MGA) programs combined with tech-enabled customer service.  XPT is located through-out the United States.

Learn more about who we are

WHY XPT

Expertise in Specialty Insurance Distribution

In an era of rapid consolidation in the wholesale brokerage and underwriting market (including binding authority, program administrators, Managing General Agents (MGAs) and Managing General Underwriters (MGUs), independent firms are joining XPT in order to better serve their retail customers. Only when working together can many firms launch new products, leverage the most modern platform, access new markets, tap into new customers and hire leading producers for complementary expertise. XPT stands apart by delivering expertise through a collaborative partnership culture.

E-mail us at
info@xptspecialty.com
to explore whether we could
work together.

While XPT will acquire businesses where the owner is retiring, our preference is to build a world-class platform together with existing leadership and to leverage the market reputation and brand equity that has already been built. XPT may also invest in or acquire an InsureTech vendor but XPT is primarily focused on underwriting and wholesale brokerage companies. E-mail us at info@xptspecialty.com to explore whether we could work together.

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OFFICE LOCATIONS
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PORTFOLIO

XPT’s two core operating platforms:

www.xptspecialty.com

XPT Specialty brings together underwriting and wholesale brokerage firms across many specialty lines through acquisitions and new product development. XPT Specialty stands apart by delivering expertise through a collaborative partnership culture. This culture allows XPT Specialty to efficiently deliver the greatest value creating a win-win approach that multiplies value to its clients and market partners. XPT Specialty’s insurance retail agent clients value its independence, expertise and service.

Platinumspecialtyunderwriters.com

Platinum Specialty Underwriters solves high risk problems, by investing in exclusive, best-in-class insurance underwriting products that operate on leading technology and associated services including actuarial, claims adjusting and risk inspection. Platinum delivers its value through entrepreneurial underwriting expert teams, both hired and acquired, that run specialist MGA’s. Its insurance wholesale agent clients value its technical underwriting and unique insurance coverage products.

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APPROACH

Tech-Enabled Specialty Insurance Distribution

Integrity

Accountability

Responsiveness

Transparency

For nearly 20 years the XPT partners have leveraged the latest in modern insurance technology to enable insurance professionals to better serve their clients. While others seek to build systems to automate specialty lines placements, XPT believes the market will remain relationship-driven. XPT believes in tech-enabled specialty insurance distribution where systems support expert underwriters and brokers.

Before we consider an acquisition, the XPT partners evaluate whether the firm operates according to the same set of guiding values of integrity, accountability, responsiveness and transparency in all dealings with retail clients and market partners.

To learn more about our approach, contact us.

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LEADERSHIP TEAM

Decades of Specialty Insurance Distribution Experience

XPT is a new specialty insurance distribution company formed through a partnership of highly-experienced management executives and an institutional investor who backs early stage insurance distribution firms.

Thomas P. Ruggieri CEO, Partner
Contact Tom
Mark M. Smith President of XPT Specialty, Partner
Contact Mark
Jeff Heath President of Platinum Specialty Underwriters, Partner
Contact Jeff
Kyle Stevens Executive Partner
Contact Kyle
Landon Parnell Executive Partner
Contact Landon
Ed Forer Chief Administrative Officer, Partner
Contact Ed
Dana Bjornson Chief Financial Officer, Partner
Dana Bjornson
Ashley Cavanaugh XPT General Counsel
Contact Ashley
Elliott TaliaferroPlatinum General Counsel
Contact Elliott
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XPT NEWS

Platinum Announces Appointment of Jason Donnelly, SVP of Programs

November 5, 2024 – Platinum Specialty Underwriters is proud to announce the appointment of Jason Donnelly as Senior Vice President, Programs. In this role, Jason will focus on the development of new
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XPT Specialty Expands Broker/Underwriter Team with Three New Appointments

November 1, 2024 — XPT Specialty, a leading wholesale broker for commercial and personal insurance, today announced the addition of three new team members: Alex Thomas as Broker Underwriter, Cynt
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Flood Risk Solutions Announces Partnership with Floodproofing.com to Provide Agents with Access to Industry-Leading Flood Mitigation Products and Services

New York, NY – 10/16/2024 – Flood Risk Solutions (FRS), a division XPT Specialty, and a leading MGA specializing in flood insurance and custom parametric solutions, is pleased to announce a new pa
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XPT Specialty Welcomes Andy Polovich as New Addition to Mid-Atlantic Office

Polovich to leverage expertise in underwriting to further XPT’s regional growth September 18, 2024 — XPT Specialty, a leading wholesale broker for commercial and personal insurance, today ann
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XPT Specialty Announces Shanna Pyle as Senior Underwriter, Personal Lines

Industry veteran joins the company to continue expanding its personal lines department, led by Glen Pomeroy September 18, 2024 — XPT Specialty, a leading wholesale broker for commercial and per
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XPT Specialty Announces Tyler Myers as Transportation Underwriter

Myers to utilize his strong foundation in underwriting to further XPT’s transportation program   August 7, 2024 — XPT Specialty, a leading wholesale broker for commercial and personal insur
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