Specialty Insurance

What Specialty Insurance does

Specialty Insurance Agency is a Neptune, New Jersey-based Managing General Agent (MGA) that underwrites and distributes specialty insurance products for the U.S. hospitality industry on behalf of Allianz Global Corporate & Specialty. The company has operated continuously since 1976 and has held the MGA relationship with Allianz (originally via Royal Insurance, dating to 1984), giving it fronting access to one of the world's largest insurance groups. It distributes a focused product set — Property, General Liability, Liquor Liability, and a Property Enhancement Endorsement — to restaurants, taverns, bars, and entertainment venues across 21 states, writing a $30+ million premium book.

The business operates with a lean team of approximately 12 staff, including dedicated new business and renewal underwriters, a claims team, and a long-tenured management group led by President & CEO Conner Moffett following the July 2022 passing of founder Barry Moffett. Distribution is sales-led and direct: applications are submitted via email, broker-agency agreements are downloadable from the website, and underwriting and renewal contacts are listed publicly. No technology platform, digital quoting engine, or AI capabilities are disclosed; core operations run on conventional insurance policy administration and underwriting systems.

Revenue is generated through MGA commissions on premiums written for Allianz, with policy pricing handled via per-account quotes rather than public rate cards. The company is privately held by the Moffett family, with no institutional investors, funding rounds, or M&A activity disclosed. Strategic posture is that of a stable, niche program manager rather than a growth-stage venture, with continuity rather than expansion as the primary signal in the available data.

Name

Specialty Insurance

Legal name

Specialty Insurance Agency

Website

https://specialtyagency.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

1–10 employees

Short description

Specialty Insurance Agency is a privately held Managing General Agent underwriting hospitality insurance — property, general liability, and liquor liability for restaurants, taverns, and entertainment venues — on behalf of Allianz Global Corporate & Specialty across 21 U.S. states.

Ownership category

akta.pro rank

Product category

Commercial Hospitality Insurance

NAICS

Other Insurance Related Activities (52429), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

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

• Hospitality insurance coverage
• Managing general agent
• Liquor liability insurance
• Restaurant insurance programs
• Commercial property insurance

Headquarters

HQ city

Brick

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. MGA Insurance Operations: Functions as a Managing General Agent for Allianz Global Corporate & Specialty, earning commissions on insurance premiums written for hospitality businesses including restaurants, taverns, and entertainment venues.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Specialty Insurance Agency is a Managing General Agent (MGA) for Allianz Global Corporate & Specialty that underwrites and distributes hospitality-focused commercial insurance. Its core offerings are Property, General Liability, and Liquor Liability policies, supplemented by a Property Enhancement Endorsement, sold to restaurants, taverns, and entertainment venues across 21 U.S. states.

Product overview

Specialty Insurance Agency operates as a Managing General Agent (MGA) for Allianz Global Corporate & Specialty, providing specialized insurance products for the hospitality industry. The company offers a portfolio of core insurance products including Property Insurance, General Liability Insurance, and Liquor Liability Insurance, with an optional Property Enhancement Endorsement for expanded coverage. These products are distributed through a network of brokers and agents using downloadable application and brokerage agreement forms. The company serves restaurants, taverns, and entertainment venues across 21 states.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Insurance Commercial property coverage for hospitality businesses including restaurants, taverns, and entertainment venues, underwritten by Specialty Insurance Agency as MGA for Allianz Global Corporate & Specialty.
• General Liability Insurance
• Liquor Liability Insurance
• Claims Processing
• Loss Run Request Service

Quantifiable outcome

• Serving 21 states with comprehensive hospitality coverage

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Allianz Global Corporate & SpecialtycoreChannel Partner/ Reseller/ DistributorSpecialty Insurance Agency is a Managing General Agent (MGA) for Allianz Global Corporate & Specialty, one of the world's largest insurance groups. The agency has represented Allianz since 1984 and provides comprehensive insurance coverage for hospitality businesses including property, liability, and liquor liability insurance. This partnership enables Specialty Insurance to offer global insurance capabilities with specialized local expertise.

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Society Insurance: Mutual insurance company specializing in restaurant, bar, and tavern coverage, with products in property, general liability, and liquor liability — directly overlapping with Specialty Insurance's core hospitality offering.
• Frankenmuth Insurance: Regional mutual insurer with a dedicated hospitality program covering restaurants, taverns, and food service businesses — directly comparable in product mix and target customer to Specialty Insurance.

Broad incumbents

• Amwins: Largest US wholesale broker and MGA with specialty programs across multiple verticals including hospitality; broader scale and platform than Specialty Insurance but operates in the same MGA/specialty distribution model.
• Risk Placement Services (RPS): Major wholesale broker and MGA with deep specialty practice including hospitality and entertainment — comparable MGA business model with significantly broader geographic and product reach.
• Burns & Wilcox: National wholesale insurance broker and MGA with specialty programs for restaurants and hospitality; similar underwriting-on-behalf-of-carrier distribution model with broader scale.
• CRC Insurance Group: Wholesale broker and MGA platform with extensive specialty practice including hospitality — directly comparable MGA function with substantially larger scale and broader carrier relationships.
• The Hanover Insurance Group: National property and casualty insurer with a dedicated hospitality practice covering restaurants and bars; an established carrier-side competitor with MGA-like program capabilities.
• Cincinnati Financial: Commercial lines property and casualty insurer with a strong independent agency distribution model serving restaurants and hospitality SMBs — overlap in customer base and product lines.

Emerging players

• USLI (United States Liability Insurance): Specialty insurer/MGA with significant liquor liability and hospitality practice — comparable niche focus on alcohol-serving establishments with more diverse product offerings.
• Next Insurance: Digital-first insurtech MGA targeting small business customers including restaurants with instant online quoting and binding — represents the technology-enabled distribution model Specialty Insurance may need to evolve toward.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/specialty-insurance-programs

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Specialty Insurance