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Texas’ Upland Capital Group Launches Excess Transportation Liability Program February 25, 2021 Newly launched specialty lines insurer, Dallas-based Upland Capital Group (Upland), has added an Excess Transportation Liability (XTL) specialty insurance offering targeting fleet sizes up to 250 revenue producing vehicles. Upland will be writing the program in all 50 states on non-admitted paper, rated A-VIII by AM Best. The limits for consideration are up to $5 million (targeting $1 million and $2 million excess limits) and there are no excess attachment point restrictions. All claims will be handled by a dedicated in-house team led by industry professionals with deep knowledge of the excess transportation market and ties to the company’s leadership. ....
Insurance Industry Veterans Launch Upland Capital Group in Dallas January 25, 2021 Upland Capital Group (Upland), a Dallas-based specialty insurance business led by long-time insurance and investment executives has opened for business. Upland is funded through an equity investment of up to $200 million from Newlight Partners LP (Newlight), a growth equity investor, and an additional investment from the company’s executive management team. Upland plans to offer a diversified portfolio of excess and surplus lines (E&S) casualty, property, and specialty insurance products, with an initial focus on excess casualty products distributed through select wholesale brokers. Upland’s team includes seasoned underwriters and functional experts with an entrepreneurial spirit and healthy respect for teamwork. Embedded in the company’s core values is a deep focus on transparency, efficiency and excellent customer service. ....