What Wright Specialty Insurance does

Wright Specialty Insurance is a managing general underwriter (MGU) and program administrator that designs, underwrites, and administers specialty property and casualty insurance programs for educational institutions, small to medium-sized municipalities, and food service businesses. Operating as a wholly-owned subsidiary of Brown & Brown, Inc. (NYSE: BRO) within Brown & Brown's National Programs Division since the 2014 acquisition of The Wright Insurance Group, the firm is headquartered in Garden City, New York, with additional operating locations in Albany, NY and St. Petersburg, FL. Its primary product is the National Education Insurance Program — a comprehensive suite of property, general liability, educators legal liability, commercial auto, and excess liability coverages serving K-12 schools, charter schools, and accredited colleges and universities; the program insures over 1,200 educational institutions in 45 states with gross premiums exceeding $90 million.

The company builds and operates a custom, fully-integrated IT platform spanning underwriting, claims, risk management, and policy administration, supported by a patented premises inspection tool and a newer rating and policy issuance system implemented with Munich Re Specialty Insurance. Distribution is conducted exclusively through a vetted national network of authorized brokers and agents, supported by a password-protected Distribution Partners' Resource Center providing forms, rating tools, applications, and marketing materials. Underwriting and claims capacity is supplied through carrier partnerships with Munich Re Specialty Insurance, Markel, CFC (for cyber), and AmTrust Financial (for workers' compensation), with Allied World placing the grocery and restaurant book.

Wright Specialty makes money through insurance premiums, commissions from carrier partners, and underwriting fees generated as an MGU and program administrator on a subscription/recurring basis tied to annual policy renewals. Pricing is structured per program (e.g., cyber insurance with $750-$1,150 minimums and up to $10M limits; special event insurance from $90 per event). Customer retention is reported in the mid-to-high ninety-percent range for its legacy NYSIR and NYMIR public-sector pools, and the firm has earned an A.M. Best A- (Excellent) financial strength rating on WRM America Indemnity Company. Operations are organized through several wholly-owned operating subsidiaries including Wright Risk Management Company, Wright Specialty Insurance Agency, Wright Program Management, Wright National Flood Insurance Company, and Wright National Flood Insurance Services.

Name

Wright Specialty Insurance

Legal name

Wright Specialty Insurance

Website

https://wrightspecialty.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

11–50 employees

Short description

Wright Specialty Insurance is a managing general underwriter and program administrator that distributes specialty property and casualty insurance programs through authorized brokers to K-12 schools, colleges, universities, small municipalities, and food service businesses across the United States.

Ownership category

akta.pro rank

Product category

Specialty Insurance Programs (Education, Municipal, and Food Service Property & Casualty)

NAICS

Insurance Agencies and Brokerages (524210), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Other Insurance Related Activities (52429)

SIC

Insurance Agents, Brokers & Service (6411), Insurance Carriers, Nec (6399)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Specialty property casualty insurance
• Education insurance programs
• Managing general underwriter
• Municipal insurance programs
• Risk management services

Headquarters

HQ city

Garden City

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premiums: Wright Specialty Insurance generates revenue by underwriting and administering property and casualty insurance programs for educational institutions, municipalities, and food service businesses. As a managing general underwriter and program administrator, the company earns premiums from policyholders and commissions from carrier partners.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Wright Specialty Insurance is a Managing General Underwriter (MGU) and program administrator that underwrites and administers specialty property and casualty insurance programs for educational institutions (K-12 schools, charter schools, colleges, and universities), small-to-medium municipalities, and food service businesses (grocery distributors and restaurants). The company designs, prices, and issues policies through a national network of authorized brokers and agents, and bundles coverage with risk management services, loss control, claims handling, and litigation management.

Product overview

Wright Specialty Insurance provides a portfolio of specialty insurance programs and risk management solutions for educational institutions, municipalities, and food service businesses. The core product portfolio includes the Education Insurance Program (for K-12 and higher education), Cyber Insurance Program (via CFC partnership), Workers' Compensation Insurance (via AmTrust partnership), Municipality Insurance Program, Food Insurance Program, Special Event Insurance, and Franchise Restaurant Insurance. These are complemented by value-added services including Risk Management Services, Employment Liability Hotline, eLearning Center with over 100 training modules, Distribution Partners' Resource Center, WSI Marketplace, and Title IX Resource Center. The company operates as a managing general underwriter and program administrator, serving clients through a network of authorized brokers and agents.

Differentiator

Problem solved

Functional benefit

Products and services

• Education Insurance Program
• Cyber Insurance Program

Quantifiable outcome

• Insures over 1,200 educational institutions in 45 states with gross premiums exceeding $90 million
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and support.

• Munich Re Specialty InsurancecoreStrategic or Co-development Partner · 9 November 2020Wright Specialty Insurance expanded its relationship with Munich Re Specialty Insurance to support and enhance Wright Specialty's Education Insurance Program. Munich Re provides a new specialty product for schools with broad proprietary coverage and competitive pricing. Additionally, Wright implemented a new rating and policy issuance system with Munich Re for quicker underwriting turnaround. Earlier in 2020, they introduced a first dollar, low deductible Municipality Insurance Program in conjunction with Munich Re.
• CFC (Specialist Insurance Provider)coreStrategic or Co-development PartnerWright Specialty partnered with CFC to provide cyber coverage to clients. CFC is a specialist insurance provider and pioneer in emerging risk. Their broad cyber form includes: No policy aggregate limit, full prior acts coverage, coverage for PCI fines and penalties, first and third-party coverage, privacy breach notification outside of the limit, 31 separate insuring clauses, limited BI/PD exclusion, operational failure coverage, duty to defend language, and short form application.
• AmTrust FinancialcoreStrategic or Co-development PartnerWright Specialty partnered with AmTrust Financial to offer competitive workers' compensation coverage to the education segment. AmTrust provides an A- rated insurance carrier with specialty workers' compensation approach. Wright's industry expertise coupled with AmTrust's approach provides a unique product offering for brokers and insureds.
• Jackson Lewis LLPsupportStrategic or Co-development PartnerWright Specialty developed an Employment Liability Hotline in conjunction with Jackson Lewis LLP. Jackson Lewis is a national law firm with 61 offices and over 950 attorneys across the United States. The hotline (866-758-6874) provides answers to everyday employment-related issues for insureds with Educators' Legal Liability insurance containing Employment Liability coverage.
• Allied World Insurance CompanysupportTechnology or IntegrationWright Specialty places grocery and restaurant insurance policies with Allied World Insurance Company. Claims can be reported 24 hours a day, 7 days a week by calling 1-888-534-6375 or via email.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Glatfelter Insurance Group: Glatfelter is a specialty MGU focused on K-12 public and private schools, colleges, and summer camps — directly comparable to Wright's education segment on customer base and product mix.
• NSM Insurance Group: NSM is a national program manager and MGU that designs, underwrites, and administers specialty insurance programs distributed through retail agents — a similar architecture to Wright's vertically-focused program business.
• RPS (Risk Placement Services): RPS is one of the largest U.S. wholesale brokers and managing general underwriters, distributing specialty property/casualty programs through a national agent/broker network — directly analogous to Wright's MGU/program-administrator model across multiple verticals.
• United Educators: United Educators is a specialty insurance reciprocal dedicated to higher education, providing property/liability coverage to colleges and universities — a direct vertical competitor to Wright's higher-education book.
• US Risk Insurance Group: US Risk is a wholesale broker/MGU and program administrator serving specialty and excess/surplus lines through a national agency network — overlapping with Wright's distribution-led MGU model.
• Burns & Wilcox: Burns & Wilcox is a specialty wholesale insurance broker/MGU distributing excess/surplus and specialty programs through appointed retail agents, with comparable program-administration capability in education, municipal, and commercial niches.
• CRC Insurance Services: CRC is a large specialty wholesale broker and MGU platform distributing through independent agents, operating in adjacent verticals including education, public entity, and food service — closely overlapping Wright's program footprint.
• Amwins: Amwins is a top U.S. specialty wholesale distributor and MGU running numerous proprietary programs across education, municipalities, and commercial lines, with a comparable mix of in-house underwriting and carrier partnerships.

Broad incumbents

• Markel Specialty: Markel is a major specialty insurer and a direct carrier partner of Wright, but also underwrites its own specialty programs across education, municipal, and food service — competing for the same brokers and insureds at the carrier level.
• Chubb / ACE Education Practice: Chubb writes K-12 and higher-education specialty property/casualty programs through national broker channels, overlapping with Wright's education segment as a broader specialty incumbent with deeper capital.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wright Specialty Insurance