AM Best Credit Ratings Assigned to Texas Upland Specialty Insurance insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.
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.
NM firm s hydrogen units set for worldwide launch abqjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abqjournal.com Daily Mail and Mail on Sunday newspapers.
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.
BayoTech Secures Private Equity to Expand Hydrogen Production Offerings
Albuquerque-based BayoTech Inc., an on-site hydrogen production company, said it has secured a $157 million investment from private equity firm Newlight Partners LP.
Other investors including Cottonwood Technology Funds, Sun Mountain Capital and Fortistar also are backing growth, according to BayTech, to increase project development and expand infrastructure.
“Advances in fuel cell technology are driving demand for hydrogen in emerging applications, including in the materials handling, mobility and power sectors, where demand tends to be more distributed,” Newlight partner Mark Longstreth said.
“BayoTech’s innovative approach to on-site hydrogen generation ensures that these end-users, who are not well served by the incumbent industrial gas players, are able to get on-demand hydrogen at a competitive price.”