Commercial property MGA Honeycomb has launched its tech-enabled multi-family habitational program in Arizona with plans to roll out the offering in New Jersey, Texas and Ohio by the end of the year, The Insurer can reveal.
The start-up is aiming to expand its footprint to most states by the end of next year as its 100 percent digital offering targets the $22bn US multi-family real estate insurance market, with a focus on small to medium condo or apartment buildings.
As previously reported, policies are being written by Randall & Quilter-owned Accredited Surety and Casualty Company, which is also participating on the risk along with Israel’s largest insurer Phoenix, which has invested in the start-up.
Randall & Quilter Investment Holdings Ltd (LON:RQIH) is a profitable and progressive dividend paying non-life insurance group. The Group was established in 1991, initially as Randall & Quilter Investment Holdings plc and subsequently as Randall & Quilter Investment Holdings Ltd., domiciled in Bermuda and with an AIM listing since 2007.
