About Us
Maxum Specialty Insurance Group
Responding to a continued need for creative underwriting for hard to place risks, Maxum Specialty Insurance Group was founded January 2003 by a highly experienced team of insurance industry leaders.
Maxum Specialty Insurance Group is comprised of Maxum Indemnity Company and Maxum Casualty Insurance Company. Maxum Indemnity has grown quickly and is an approved non-admitted, excess and surplus lines insurer in 49 states and territories and is licensed in Delaware. Maxum Casualty is an approved admitted insurer in 27 states and domiciled in Delaware.
Maxum is focused on providing quality specialty property and casualty insurance products that are provided in partnership with highly qualified wholesale insurance distributors. We serve the needs of several distinct markets through our four underwriting divisions:
Binding/Programs,
Casualty Brokerage,
Professional Liability, and
Transportation.
A key factor in Maxum’s success is our limited access distribution strategy. We only appoint a limited number of wholesale producers who share similar strategic values, and dedicate our efforts to building significant relationships with each of our appointed producers. These wholesale producers, in turn, serve hundreds of retail insurance brokers who benefit from the expertise of our wholesale channel and Maxum’s own internal resources.
In the past few years, we have enjoyed significant growth and expansion into new markets. Today the company is rated A-VII by A.M. Best and our statutory surplus has grown to more than $57 million.