ABOUT

Who We Are

Obsidian Insurance Company is a new insurance fronting platform built solely to support the increasing market need of managing general agents, managing general underwriters, and program administrators that want to connect with reinsurers that seek primary layer access.

In a business where expertise and execution matter, Obsidian offers:

  • “A-“ (Excellent) A.M. Best rated paper, with $100 million in capital
  • Alignment of economic interests with our MGAs and reinsurer partners 
  • Broad underwriting expertise and robust processes to support the success of our MGA programs
  • Extensive regulatory & licensing, form & rate filing experience

Our focus is on the needs of MGAs and reinsurers to: 

  • provide long-term solutions for our partners
  • conduct efficient operations without the legacy expense of traditional carriers
  • eliminate operational and distribution channel conflicts with MGAs
    and reinsurers

Advantages of the Obsidian Model

• Specialization and focus to meet the specific fronting needs of MGAs and reinsurers
• No channel or other conflicts through singular focus on fronting market
• Efficient operations without the legacy expense structure of traditional carriers
• Underwriting expertise to properly assess the expected profitability of portfolios of risk
• Economic alignment with core business partners by assuming a modest retention

“The Best’s Rating Report(s) reproduced on this site appear under license from A.M. Best and do not constitute, either expressly or implied, an endorsement of (Licensee)’s products or services. A.M. Best is not responsible for transcription errors made in presenting Best’s Rating Reports. Best’s Rating Reports are copyright © A.M. Best Company and may not be reproduced or distributed without the express written permission of A.M. Best Company. Visitors to this web site are authorized to print a single copy of the Best’s Rating Report(s) displayed here for their own personal use. Any other printing, copying or distribution is strictly prohibited.” 

        “Best’s Ratings are under continuous review and subject to change and/or affirmation. To confirm the current rating, please visit the A.M. Best web site, www.ambest.com.”

Our Investor

Genstar Capital is the lead investor in Obsidian.  Genstar has a 30+ year track record of investing in growth oriented companies, including specific successful experience in financial services and insurance.  For more information on Genstar, please visit https://www.gencap.com/